The National Credit Union Administration reported that the number of problem credit unions fell by 18 during the quarter to 258 credit unions at the end of the first quarter of 2015. There are 50 fewer problem credit unions compared to a year ago.
A problem credit union has a CAMEL rating of 4 or 5.
Problem credit unions held $10.3 billion in shares (deposits) and $11.6 billion in assets at the end of the first quarter of 2015. In comparison, shares and assets at problem credit unions were $10.2 billion and $11.5 billion at the end of 2014, respectively.
Shares at problem credit unions equaled 1.14 percent of the industry's insured shares and approximately 1 percent of the industry's assets.
The number of problem credit unions with $500 million or more in assets was unchanged at 5 during the quarter; but shares rose by $100 million to $4 billion.
The number of problem credit unions with assets between $100 million and $500 million increased by 2 during the quarter to 17 credit unions. Shares at these problem credit unions increased from $2.9 billion to $3.2 billion during the quarter.
The number of problem credit unions with $100 million or less in assets fell during the quarter, as did shares.
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