Thursday, November 21, 2019

Fewer Problem CUs, But Shares and Assets Up at the End of Q3 2019

The number of problem credit unions edged lower during the third quarter of 2019, according to the National Credit Union Administration (NCUA).

At the end of the third quarter of 2019, there were 200 problem credit unions. In comparison, there were 204 problem credit unions at the end of the second quarter of 2018.

A problem credit union has a composite CAMEL rating of 4 or 5.

Total assets in problem credit unions were $11.2 billion at the end of the third quarter. Assets in problem credit unions were $11 billion at the end of the second quarter.

Shares (deposits) in problem credit unions rose during the third quarter to $10.1 billion from $9.8 billion as of June 2019. At the end of September 2019, 0.84 percent of total insured shares were in problem credit unions. In comparison, 0.82 percent of total insured shares were in problem credit unions as of June 2019.

Most problem credit unions were small credit unions.

The number of problem credit unions with less than $10 million in assets fell by 4 to 99 during the third quarter. But the number of problem credit unions with more than $10 million in assets was unchanged during the quarter.

NCUA reported that 89 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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