The number of problem credit unions increased during the first quarter of 2019, according to the National Credit Union Administration (NCUA).
At the end of the first quarter of 2019, there were 202 problem credit unions. In comparison, there were 193 problem credit unions at the end of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets in problem credit unions were unchanged during the first quarter. Assets in problem credit unions were $11.8 billion at the end of the first quarter.
Shares in problem credit unions fell during the first quarter to $10.4 billion as of March 2019 versus $10.6 billion as of December 2018. At the end of the first quarter, 0.91 percent of total insured shares were in problem credit unions. This was down 2 basis points from December 2018.
Most problem credit unions were small credit unions.
The number of problem credit unions with less than $100 million rose by 9 to 174 during the first quarter. But the number of problem credit unions with more than $100 million in assets was unchanged during the quarter.
NCUA reported that 86.1 percent of problem credit unions have less than $100 million in assets, while 1.5 percent of problem credit unions have more than $500 million in assets.
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