The National Credit Union Administration (NCUA) uses average time period metrics by which to measure its performance.
For example, the agency sets the goal of resolving troubled credit unions as within an average of 24 months of an initial CAMEL downgrade or making a determination on a completed field of membership application as within the average of 60 days.
Instead of setting the goal as averages, NCUA should set the goal as resolving troubled credit unions within 24 months or making a determination on a completed field of membership application within 60 days.
NCUA currently reports the average time period for resolving problem credit unions or processing field of membership applications; but the agency should also report the median time for these metrics, as averages can be deceptive.
The agency ought to report the number and percent of credit unions that met the agency's goals. The Federal Deposit Insurance Corporation (FDIC) discloses this information, as part of its transparency and accountability initiative.
In addition, NCUA should set a time period goal for making a determination on completed merger applications. I would suggest 60 days, which is the goal set by the FDIC.
Showing posts with label Problem Credit Unions. Show all posts
Showing posts with label Problem Credit Unions. Show all posts
Wednesday, July 15, 2020
Thursday, May 21, 2020
Fewer Problem CUs During the First Quarter of 2020, NCUSIF Reserves Up
The number of problem credit unions fell during the first quarter of 2020, according to the National Credit Union Administration (NCUA).
There were 175 problem credit unions at the end of the first quarter of 2020. In comparison, there were 190 problem credit unions at the end of 2019.
A problem credit union has a composite CAMEL rating of 4 or 5.
Shares (deposits) in problem credit unions declined from $9.7 billion at the end of 2019 to $9.4 billion, as of March 2020. At the end of first quarter of 2020, 0.77 percent of total insured shares were problem credit unions compared to 0.79 percent of total insured shares at the end of 2019.
Most problem credit unions were small credit unions.
NCUA reported that almost 88 percent of the problem credit unions have less than $100 million in assets, while 1.7 percent of problem credit unions have more than $500 million in assets.
However, almost 45 percent of insured shares in problem credit unions were in credit unions with $500 million or more in assets.
In addition, NCUA stated that reserves at the National Credit Union Share Insurance Fund increased during the first quarter of 2020 from $117 million to $177.7 million.
There were 175 problem credit unions at the end of the first quarter of 2020. In comparison, there were 190 problem credit unions at the end of 2019.
A problem credit union has a composite CAMEL rating of 4 or 5.
Shares (deposits) in problem credit unions declined from $9.7 billion at the end of 2019 to $9.4 billion, as of March 2020. At the end of first quarter of 2020, 0.77 percent of total insured shares were problem credit unions compared to 0.79 percent of total insured shares at the end of 2019.
Most problem credit unions were small credit unions.
NCUA reported that almost 88 percent of the problem credit unions have less than $100 million in assets, while 1.7 percent of problem credit unions have more than $500 million in assets.
However, almost 45 percent of insured shares in problem credit unions were in credit unions with $500 million or more in assets.
In addition, NCUA stated that reserves at the National Credit Union Share Insurance Fund increased during the first quarter of 2020 from $117 million to $177.7 million.
Friday, February 21, 2020
There Were Fewer Problem CUs During Q4 2019
The number of problem credit unions fell during the fourth quarter of 2019, according to the National Credit Union Administration (NCUA).
At the end of 2019, there were 190 problem credit unions. In comparison, there were 200 problem credit unions at the end of the third quarter of 2019.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets in problem credit unions were $10.8 billion at the end of the fourth quarter. Assets in problem credit unions were $11.2 billion at the end of the third quarter.
Shares (deposits) in problem credit unions declined during the fourth quarter to $9.7 billion from $10.1 billion as of September 2019. At the end of 2019, 0.79 percent of total insured shares were in problem credit unions. In comparison, 0.84 percent of total insured shares were in problem credit unions as of June 2019.
Most problem credit unions were small credit unions.
NCUA reported that almost 88 percent of the problem credit unions have less than $100 million in assets, while 1.6 percent of problem credit unions have more than $500 million in assets.
NCUA reported that there were only 2 credit unions failures in 2019 that resulted in a loss to the National Credit Union Share Insurance Fund, which was down from 8 in 2018.
At the end of 2019, there were 190 problem credit unions. In comparison, there were 200 problem credit unions at the end of the third quarter of 2019.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets in problem credit unions were $10.8 billion at the end of the fourth quarter. Assets in problem credit unions were $11.2 billion at the end of the third quarter.
Shares (deposits) in problem credit unions declined during the fourth quarter to $9.7 billion from $10.1 billion as of September 2019. At the end of 2019, 0.79 percent of total insured shares were in problem credit unions. In comparison, 0.84 percent of total insured shares were in problem credit unions as of June 2019.
Most problem credit unions were small credit unions.
NCUA reported that almost 88 percent of the problem credit unions have less than $100 million in assets, while 1.6 percent of problem credit unions have more than $500 million in assets.
NCUA reported that there were only 2 credit unions failures in 2019 that resulted in a loss to the National Credit Union Share Insurance Fund, which was down from 8 in 2018.
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.
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.
Thursday, September 19, 2019
Problem CUs Rose in 2nd Quarter, But Shares and Assets Fell
The number of problem credit unions edged higher during the second quarter of 2019, according to the National Credit Union Administration (NCUA).
At the end of the second quarter of 2019, there were 204 problem credit unions. In comparison, there were 202 problem credit unions at the end of the first quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets in problem credit unions were $11 billion during the second quarter. Assets in problem credit unions were $11.8 billion at the end of the first quarter.
Shares (deposits) in problem credit unions fell during the second quarter to $9.8 billion from $10.4 billion as of March 2019. At the end of the second quarter, 0.82 percent of total insured shares were in problem credit unions. In comparison, 0.91 percent of total insured shares were in problem credit unions as of March 2019.
Most problem credit unions were small credit unions.
The number of problem credit unions with less than $100 million in assets rose by 8 to 182 during the first quarter. But the number of problem credit unions with more than $100 million in assets fell during the quarter by 6 to 22.
NCUA reported that 89.2 percent of problem credit unions have less than $100 million in assets, while 1.47 percent of problem credit unions have more than $500 million in assets.
At the end of the second quarter of 2019, there were 204 problem credit unions. In comparison, there were 202 problem credit unions at the end of the first quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets in problem credit unions were $11 billion during the second quarter. Assets in problem credit unions were $11.8 billion at the end of the first quarter.
Shares (deposits) in problem credit unions fell during the second quarter to $9.8 billion from $10.4 billion as of March 2019. At the end of the second quarter, 0.82 percent of total insured shares were in problem credit unions. In comparison, 0.91 percent of total insured shares were in problem credit unions as of March 2019.
Most problem credit unions were small credit unions.
The number of problem credit unions with less than $100 million in assets rose by 8 to 182 during the first quarter. But the number of problem credit unions with more than $100 million in assets fell during the quarter by 6 to 22.
NCUA reported that 89.2 percent of problem credit unions have less than $100 million in assets, while 1.47 percent of problem credit unions have more than $500 million in assets.
Thursday, May 23, 2019
Problem CUs Increased during Q1 2019
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.
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.
Thursday, March 14, 2019
Number of Problem CUs Fell in Q4, But Assets and Shares Increased in Problem CUs
The number of problem credit unions fell during the fourth quarter of 2018, according to the National Credit Union Administration (NCUA).
At the end of the fourth quarter of 2018, there were 193 problem credit unions. In comparison, there were 203 problem credit unions at the end of the third quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions rose during the fourth quarter. Assets in problem credit unions were $11.8 billion at the end of 2018 compared to $11.5 billion at the end of the third quarter of 2018. Shares in problem credit unions were $10.6 billion as of December 2018 versus $10.4 billion as of September 30, 2018.
The number of problem credit unions with less than $100 million fell by 14 to 165 during the fourth quarter. But the number of problem credit unions with between $100 million in assets and $500 million in assets increased by 4 to 25 during the quarter.
NCUA reported that 85.5 percent of problem credit unions have less than $100 million in assets, while slightly more than 2 percent of problem credit unions have more than $500 million in assets.
At the end of the fourth quarter, 0.93 percent of total insured shares were in problem credit unions. This was up 2 basis points from September 2018.
In related note, for all of 2018 charges for liquidations and assisted mergers were $752.9 million and $39.6 million, respectively. NCUA recorded a charge of $39.5 million associated with assisted mergers in the fourth quarter. This is probably associated with the merger of Bay Ridge FCU (Brooklyn, NY) into Island Federal Credit Union (Hauppauge, NY).
At the end of the fourth quarter of 2018, there were 193 problem credit unions. In comparison, there were 203 problem credit unions at the end of the third quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions rose during the fourth quarter. Assets in problem credit unions were $11.8 billion at the end of 2018 compared to $11.5 billion at the end of the third quarter of 2018. Shares in problem credit unions were $10.6 billion as of December 2018 versus $10.4 billion as of September 30, 2018.
The number of problem credit unions with less than $100 million fell by 14 to 165 during the fourth quarter. But the number of problem credit unions with between $100 million in assets and $500 million in assets increased by 4 to 25 during the quarter.
NCUA reported that 85.5 percent of problem credit unions have less than $100 million in assets, while slightly more than 2 percent of problem credit unions have more than $500 million in assets.
At the end of the fourth quarter, 0.93 percent of total insured shares were in problem credit unions. This was up 2 basis points from September 2018.
In related note, for all of 2018 charges for liquidations and assisted mergers were $752.9 million and $39.6 million, respectively. NCUA recorded a charge of $39.5 million associated with assisted mergers in the fourth quarter. This is probably associated with the merger of Bay Ridge FCU (Brooklyn, NY) into Island Federal Credit Union (Hauppauge, NY).
Thursday, November 15, 2018
Problem CUs Fell During Q3 2018, NCUSIF Liquidation Charges of $743.4 Million
The number of problem credit unions fell during the third quarter of 2018, according to the National Credit Union Administration (NCUA).
At the end of the third quarter of 2018, there were 203 problem credit unions. In comparison, there were 210 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 and shares (deposits) in problem credit unions fell during the third quarter. Assets in problem credit unions were $11.5 billion at the end of the third quarter compared to $12.9 billion at the end of the second quarter of 2018. Shares in problem credit unions were $10.4 billion as of September 2018 versus $11.8 billion as of June 30, 2018.
NCUA reported that 88 percent of problem credit unions have less than $100 million in assets, while almost 1.5 percent have more than $500 million in assets.
At the end of the third quarter, 0.91 percent of total insured shares were in problem credit unions. As of June 2018, 1.04 percent of total insured shares were in problem credit unions.
In addition, NCUA reported $743.4 million in liquidation charges to the National Credit Union Share Insurance Fund (NCUSIF) due to credit union failures during the third quarter. NCUSIF recaptured $57.4 million in reserves during the third quarter. As a result of the liquidation charge and recapture of reserves, NCUSIF reserve balance was $156.2 million at the end of the third quarter, down from $957 million as of the beginning of the third quarter.
At the end of the third quarter of 2018, there were 203 problem credit unions. In comparison, there were 210 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 and shares (deposits) in problem credit unions fell during the third quarter. Assets in problem credit unions were $11.5 billion at the end of the third quarter compared to $12.9 billion at the end of the second quarter of 2018. Shares in problem credit unions were $10.4 billion as of September 2018 versus $11.8 billion as of June 30, 2018.
NCUA reported that 88 percent of problem credit unions have less than $100 million in assets, while almost 1.5 percent have more than $500 million in assets.
At the end of the third quarter, 0.91 percent of total insured shares were in problem credit unions. As of June 2018, 1.04 percent of total insured shares were in problem credit unions.
In addition, NCUA reported $743.4 million in liquidation charges to the National Credit Union Share Insurance Fund (NCUSIF) due to credit union failures during the third quarter. NCUSIF recaptured $57.4 million in reserves during the third quarter. As a result of the liquidation charge and recapture of reserves, NCUSIF reserve balance was $156.2 million at the end of the third quarter, down from $957 million as of the beginning of the third quarter.
Thursday, September 20, 2018
Assets and Shares in Problem CUs Increase During Second Quarter
The number of problem credit unions increased during the second quarter of 2018, according to the National Credit Union Administration (NCUA).
At the end of the second quarter of 2018, there were 210 problem credit unions. In comparison, there were 200 problem credit unions at the end of the first quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions rose during the second quarter. Assets in problem credit unions were $12.9 billion at the end of the second quarter compared to $9.2 billion at the end of the first quarter of 2018. Shares in problem credit unions increased to $11.8 billion as of June versus $8.3 billion as of March 31, 2018.
NCUA reported that 88 percent of problem credit unions have less than $100 million in assets, while almost 2 percent have more than $500 million in assets.
There were two credit unions with more than $1 billion in assets classified as problem credit unions. These two credit unions had $4 billion in shares.
At the end of the second quarter, 1.04 percent of total insured shares were in problem credit unions. As of March 2018, 0.76 percent of total insured shares were in problem credit unions.
NCUA reported that reserves for the National Credit Union Share Insurance Fund (NCUSIF) increased from $935.8 million at the end of the first quarter 2018 to $957 million. As of June 2018, $854.9 million is for specific reserves for natural person credit unions.
At the end of the second quarter of 2018, there were 210 problem credit unions. In comparison, there were 200 problem credit unions at the end of the first quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions rose during the second quarter. Assets in problem credit unions were $12.9 billion at the end of the second quarter compared to $9.2 billion at the end of the first quarter of 2018. Shares in problem credit unions increased to $11.8 billion as of June versus $8.3 billion as of March 31, 2018.
NCUA reported that 88 percent of problem credit unions have less than $100 million in assets, while almost 2 percent have more than $500 million in assets.
There were two credit unions with more than $1 billion in assets classified as problem credit unions. These two credit unions had $4 billion in shares.
At the end of the second quarter, 1.04 percent of total insured shares were in problem credit unions. As of March 2018, 0.76 percent of total insured shares were in problem credit unions.
NCUA reported that reserves for the National Credit Union Share Insurance Fund (NCUSIF) increased from $935.8 million at the end of the first quarter 2018 to $957 million. As of June 2018, $854.9 million is for specific reserves for natural person credit unions.
Thursday, May 24, 2018
More Problem CUs, But Fewer Assets and Deposits in Problem CUs as of March 2018
The number of problem credit unions edged higher during the first quarter of 2018, according to the National Credit Union Administration (NCUA).
At the end of the first quarter of 2018, there were 200 problem credit unions. In comparison, there were 196 problem credit unions at the end of 2017.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions fell during the first quarter. Assets in problem credit unions were $9.2 billion at the end of the first quarter of 2018 -- down from $9.6 billion at the end of 2017. Shares in problem credit unions decreased to 8.3 billion as of March 31, 2018 from $8.7 billion as of December 31, 2017.
NCUA reported that 90 percent of problem credit unions have less than $100 million in assets, while 1.5 percent have more than $500 million in assets.
At the end of the first quarter, 0.76 percent of total insured shares were in problem credit unions. At the end of 2017, 0.80 percent of total insured shares were in problem credit unions.
NCUA reported that reserves for the National Credit Union Share Insurance Fund (NCUSIF) increased from $925.5 million at the end of 2017 to $935.8 million at the end of the first quarter 2018.
At the end of the first quarter of 2018, there were 200 problem credit unions. In comparison, there were 196 problem credit unions at the end of 2017.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions fell during the first quarter. Assets in problem credit unions were $9.2 billion at the end of the first quarter of 2018 -- down from $9.6 billion at the end of 2017. Shares in problem credit unions decreased to 8.3 billion as of March 31, 2018 from $8.7 billion as of December 31, 2017.
NCUA reported that 90 percent of problem credit unions have less than $100 million in assets, while 1.5 percent have more than $500 million in assets.
At the end of the first quarter, 0.76 percent of total insured shares were in problem credit unions. At the end of 2017, 0.80 percent of total insured shares were in problem credit unions.
NCUA reported that reserves for the National Credit Union Share Insurance Fund (NCUSIF) increased from $925.5 million at the end of 2017 to $935.8 million at the end of the first quarter 2018.
Thursday, February 15, 2018
Problem CUs Fell, NCUSIF Reserves Up Significantly, and NCUA Board Declares Dividend Distribution
The number of problem credit unions fell during the fourth quarter of 2017, according to the National Credit Union Administration (NCUA).
At the end of the fourth quarter of 2017, there were 196 problem credit unions. In comparison, there were 204 problem credit unions at the end of the third quarter.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions fell during the fourth quarter. Assets in problem credit unions were $9.6 billion at the end of the fourth quarter -- down from $10.2 billion at the end of the third quarter of 2017. Shares in problem credit unions decreased from $9.0 billion as of September 30 to $8.7 billion as of December 31.
NCUA reported that almost 89 percent of problem credit unions have less than $100 million in assets, while less than 2 percent have more than $500 million in assets.
At the end of the fourth quarter, 0.80 percent of total insured shares were in problem credit unions. At the end of the third quarter, 0.84 percent of total insured shares were in problem credit unions.
In a related news, reserves for the National Credit Union Share Insurance Fund (NCUSIF) increased from $286 million at the end of the third quarter of 2017 to $925.5 million at the end of 2017. There will be more to come on this increase in reserves, once NCUA releases its audited financial statements for the NCUSIF.
Despite the increase in NCUSIF reserves, NCUA Board declared a distribution from the NCUSIF of $735.7 million for December 2017, which will be paid in the third quarter of 2018. The merger of the Temporary Corporate Credit Union Stabilization Fund into the NCUSIF made the distribution possible. Otherwise, insured credit unions faced a premium of 12.2 basis points per insured shares to restore the NCUSIF to its prior normal operating level of 1.30 percent of insured shares.
At the end of the fourth quarter of 2017, there were 196 problem credit unions. In comparison, there were 204 problem credit unions at the end of the third quarter.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares (deposits) in problem credit unions fell during the fourth quarter. Assets in problem credit unions were $9.6 billion at the end of the fourth quarter -- down from $10.2 billion at the end of the third quarter of 2017. Shares in problem credit unions decreased from $9.0 billion as of September 30 to $8.7 billion as of December 31.
NCUA reported that almost 89 percent of problem credit unions have less than $100 million in assets, while less than 2 percent have more than $500 million in assets.
At the end of the fourth quarter, 0.80 percent of total insured shares were in problem credit unions. At the end of the third quarter, 0.84 percent of total insured shares were in problem credit unions.
In a related news, reserves for the National Credit Union Share Insurance Fund (NCUSIF) increased from $286 million at the end of the third quarter of 2017 to $925.5 million at the end of 2017. There will be more to come on this increase in reserves, once NCUA releases its audited financial statements for the NCUSIF.
Despite the increase in NCUSIF reserves, NCUA Board declared a distribution from the NCUSIF of $735.7 million for December 2017, which will be paid in the third quarter of 2018. The merger of the Temporary Corporate Credit Union Stabilization Fund into the NCUSIF made the distribution possible. Otherwise, insured credit unions faced a premium of 12.2 basis points per insured shares to restore the NCUSIF to its prior normal operating level of 1.30 percent of insured shares.
Thursday, October 19, 2017
Number of Problem CUs Fell During Q3 2017
The number of problem credit unions fell during the third quarter of 2017, according to the National Credit Union Administration.
At the end of the third quarter of 2017, there were 204 problem credit unions. In comparison, there were 210 problem credit unions at the end of the second quarter.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares in problem credit unions fell during the quarter. Assets in problem credit unions were $10.2 billion at the end of the third quarter -- down from $10.6 billion at the end of the second quarter of 2017. Shares in problem credit unions decreased from $9.4 billion as of June 2017 to $9.0 billion as of September 30.
NCUA reported that almost 88 percent of problem credit unions have less than $100 million in assets, while less than 2 percent have more than $500 million in assets.
At the end of the third quarter, 0.84 percent of total insured shares were in problem credit unions. At the end of the second quarter, 0.88 percent of total insured shares were in problem credit unions.
At the end of the third quarter of 2017, there were 204 problem credit unions. In comparison, there were 210 problem credit unions at the end of the second quarter.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares in problem credit unions fell during the quarter. Assets in problem credit unions were $10.2 billion at the end of the third quarter -- down from $10.6 billion at the end of the second quarter of 2017. Shares in problem credit unions decreased from $9.4 billion as of June 2017 to $9.0 billion as of September 30.
NCUA reported that almost 88 percent of problem credit unions have less than $100 million in assets, while less than 2 percent have more than $500 million in assets.
At the end of the third quarter, 0.84 percent of total insured shares were in problem credit unions. At the end of the second quarter, 0.88 percent of total insured shares were in problem credit unions.
Thursday, July 20, 2017
Problem Credit Unions Increase During Q2 2017
The number of problem credit unions increased during the second quarter of 2017, according to the National Credit Union Administration (NCUA).
At the end of the second quarter of 2017, there were 210 problem credit unions. In comparison, there were 197 problem credit unions at the end of the first quarter. A year earlier there were 209 problem credit unions.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares in problem credit unions rose during the quarter. Assets in problem credit unions were $10.6 billion at the end of the second quarter -- up from $9.5 billion at the end of the first quarter of 2017. Shares in problem credit unions increased by approximately $900 million during the second quarter to $9.4 billion.
NCUA reported that 89 percent of problem credit unions have less than $100 million in assets, while only 2 percent have more than $500 million in assets.
At the end of the second quarter, 0.88 percent of total insured shares were in problem credit unions. At the end of the first quarter, 0.83 percent of total insured shares were in problem credit unions.
On June 30, 2017, 0.80 percent of the industry assets were in problem credit unions -- this was an increase from 0.70 percent as of March 2017.
At the end of the second quarter of 2017, there were 210 problem credit unions. In comparison, there were 197 problem credit unions at the end of the first quarter. A year earlier there were 209 problem credit unions.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets and shares in problem credit unions rose during the quarter. Assets in problem credit unions were $10.6 billion at the end of the second quarter -- up from $9.5 billion at the end of the first quarter of 2017. Shares in problem credit unions increased by approximately $900 million during the second quarter to $9.4 billion.
NCUA reported that 89 percent of problem credit unions have less than $100 million in assets, while only 2 percent have more than $500 million in assets.
At the end of the second quarter, 0.88 percent of total insured shares were in problem credit unions. At the end of the first quarter, 0.83 percent of total insured shares were in problem credit unions.
On June 30, 2017, 0.80 percent of the industry assets were in problem credit unions -- this was an increase from 0.70 percent as of March 2017.
Thursday, April 20, 2017
197 Problem CUs at the End of Q1 2017
The number of problem credit unions edged higher during the first quarter of 2017, according to the National Credit Union Administration (NCUA).
At the end of the first quarter, there were 197 problem credit unions -- an increase of 1 credit union from the prior quarter. A year earlier there were 218 problem credit unions.
A problem credit union has a composite CAMEL rating of 4 or 5.
At the end of the first quarter, 0.83 percent of total insured shares were in problem credit unions -- unchanged from the prior quarter.
At the end of the first quarter, there were 197 problem credit unions -- an increase of 1 credit union from the prior quarter. A year earlier there were 218 problem credit unions.
A problem credit union has a composite CAMEL rating of 4 or 5.
At the end of the first quarter, 0.83 percent of total insured shares were in problem credit unions -- unchanged from the prior quarter.
Thursday, February 23, 2017
Problem CUs Fell During the 4th Quarter of 2016
The number of problem credit unions fell during the fourth quarter of 2016, according to the National Credit Union Administration (NCUA).
At the end of the fourth quarter, there were 196 problem credit unions. In comparison, there were 201 problem credit unions at the end of the third quarter 2016 and 220 problem credit unions at the end of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the fourth quarter both total shares (deposits) and assets in problem credit unions were unchanged. Shares in problem credit unions were $8.6 billion as of the end of 2016 and assets were $9.7 billion. A year earlier, problem credit unions held $7.7 billion in shares and $8.6 billion in assets.
According to NCUA, 0.83 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the fourth quarter.
NCUA reported credit unions with less than $100 million in assets accounted for the decline in problem credit unions.
At the end of the fourth quarter, there were 196 problem credit unions. In comparison, there were 201 problem credit unions at the end of the third quarter 2016 and 220 problem credit unions at the end of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the fourth quarter both total shares (deposits) and assets in problem credit unions were unchanged. Shares in problem credit unions were $8.6 billion as of the end of 2016 and assets were $9.7 billion. A year earlier, problem credit unions held $7.7 billion in shares and $8.6 billion in assets.
According to NCUA, 0.83 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the fourth quarter.
NCUA reported credit unions with less than $100 million in assets accounted for the decline in problem credit unions.
Thursday, November 17, 2016
The Number of Problem CUs Fell During Q3 2016; 2017 NCUSIF Premiums Estimated Between 3 and 6 Basis Points
The National Credit Union Administration (NCUA) reported today that the number of problem credit unions fell during the third quarter; but shares (deposits) and assets at problem credit unions edged higher during the quarter.
At the end of the third quarter, there were 201 problem credit unions. In comparison, there were 209 problem credit unions at the end of the second quarter of 2016 and 233 credit unions at the end of the third quarter of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the third quarter both total shares (deposits) and assets in problem credit unions rose. Shares in problem credit unions increased from $8.4 billion as of June 30, 2016 to $8.6 billion as of September 30. Over the same time period, assets in problem credit unions rose from $9.5 billion to $9.7 billion. A year earlier, problem credit unions held $7.6 billion in shares and $8.5 billion in assets.
According to NCUA, 0.86 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the second quarter.
Ninety percent of problem credit unions have less than $100 million in assets and approximately 1 percent have assets in excess of $500 million.
In addition, National Credit Union Share Insurance Fund (NCUSIF) reported an increase in reserves from $178.9 million at the end of August to $182.6 million as of September 30.
A presentation by the NCUA staff to the NCUA Board estimated that 2017 NCUSIF premiums would likely range between 3 basis points to 6 basis points, as the projected NCUSIF equity ratio next year will be between 1.24 percent to 1.27 percent -- below the Normal Operating Level of 1.30 percent of insured deposits. Staff stated that these estimates are for budgetary planning purposes of credit unions. Staff further stated that credit unions should not accrue for this expense until future action by the NCUA Board to actually charge a premium in 2017.
According to staff analysis, a premium of 3 basis points would cause an additional 110 credit unions to report negative net income after the premium. If the premium is 6 basis points, an additional 219 credit unions would report a loss after the premium.
At the end of the third quarter, there were 201 problem credit unions. In comparison, there were 209 problem credit unions at the end of the second quarter of 2016 and 233 credit unions at the end of the third quarter of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the third quarter both total shares (deposits) and assets in problem credit unions rose. Shares in problem credit unions increased from $8.4 billion as of June 30, 2016 to $8.6 billion as of September 30. Over the same time period, assets in problem credit unions rose from $9.5 billion to $9.7 billion. A year earlier, problem credit unions held $7.6 billion in shares and $8.5 billion in assets.
According to NCUA, 0.86 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the second quarter.
Ninety percent of problem credit unions have less than $100 million in assets and approximately 1 percent have assets in excess of $500 million.
In addition, National Credit Union Share Insurance Fund (NCUSIF) reported an increase in reserves from $178.9 million at the end of August to $182.6 million as of September 30.
A presentation by the NCUA staff to the NCUA Board estimated that 2017 NCUSIF premiums would likely range between 3 basis points to 6 basis points, as the projected NCUSIF equity ratio next year will be between 1.24 percent to 1.27 percent -- below the Normal Operating Level of 1.30 percent of insured deposits. Staff stated that these estimates are for budgetary planning purposes of credit unions. Staff further stated that credit unions should not accrue for this expense until future action by the NCUA Board to actually charge a premium in 2017.
According to staff analysis, a premium of 3 basis points would cause an additional 110 credit unions to report negative net income after the premium. If the premium is 6 basis points, an additional 219 credit unions would report a loss after the premium.
Thursday, July 21, 2016
The Number of Problem CUs Fell; But Shares and Assets Increased at Problem CUs
The National Credit Union Administration (NCUA) reported today that the number of problem credit unions fell during the second quarter; but share and assets at problem credit unions grew during the quarter.
At the end of the second quarter, there were 209 problem credit unions. In comparison, there were 218 problem credit unions at the end of the first quarter of 2016 and 258 credit unions at the end of the second quarter of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the second quarter both total shares (deposits) and assets in problem credit unions rose. Shares in problem credit unions increased from $7.5 billion as of March 31, 2016 to $8.4 billion as of June 30. Over the same time period, assets in problem credit unions rose from $7.8 billion to $9.5 billion. A year earlier, problem credit unions held $10.2 billion in shares and $11.4 billion in assets.
According to NCUA, 0.85 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the second quarter.
NCUA reported that 1 credit union with at least $1 billion in assets was a problem credit union as of June 30, 2016 (this credit union was most likely Melrose Credit Union in Briarwood, NY). The number of problem credit unions with between $500 million and $1 billion in assets was unchanged during the quarter at 2 credit unions. The number of problem credit unions with between $100 million and $500 million in assets was unchanged at 14 at the end of the second quarter of 2016. Only credit unions with less than $10 million in assets saw a decrease in the number of problem credit unions by 12 during the quarter to 114 credit unions.
At the end of the second quarter, there were 209 problem credit unions. In comparison, there were 218 problem credit unions at the end of the first quarter of 2016 and 258 credit unions at the end of the second quarter of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the second quarter both total shares (deposits) and assets in problem credit unions rose. Shares in problem credit unions increased from $7.5 billion as of March 31, 2016 to $8.4 billion as of June 30. Over the same time period, assets in problem credit unions rose from $7.8 billion to $9.5 billion. A year earlier, problem credit unions held $10.2 billion in shares and $11.4 billion in assets.
According to NCUA, 0.85 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the second quarter.
NCUA reported that 1 credit union with at least $1 billion in assets was a problem credit union as of June 30, 2016 (this credit union was most likely Melrose Credit Union in Briarwood, NY). The number of problem credit unions with between $500 million and $1 billion in assets was unchanged during the quarter at 2 credit unions. The number of problem credit unions with between $100 million and $500 million in assets was unchanged at 14 at the end of the second quarter of 2016. Only credit unions with less than $10 million in assets saw a decrease in the number of problem credit unions by 12 during the quarter to 114 credit unions.
Thursday, April 21, 2016
Number of Problem CUs Fell During the First Quarter of 2016
The National Credit Union Administration (NCUA) reported that the number of problem credit unions fell during the first quarter.
At the end of the first quarter, there were 218 problem credit unions. In comparison, there were 220 problem credit unions at the end of the fourth quarter of 2015 and 258 credit unions at the end of the first quarter of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the first quarter both total shares (deposits) and assets in problem credit unions fell. Shares in problem credit unions decreased from $7.7 billion at the end of 2015 to $7.5 billion as of March 31, 2016 . Over the same time period, assets in problem credit unions fell from $8.6 billion to $7.8 billion. A year earlier, problem credit unions held $10.3 billion in shares and $11.6 billion in assets.
According to NCUA, 0.78 percent of total insured shares and 0.6 percent of industry assets were in problem credit unions at the end of the first quarter.
According to NCUA, 93 percent of all problem credit unions had less than $100 million in shares, while approximately 1 percent of the problem credit unions had shares of $500 million or more.
NCUA reported that no credit union with at least $1 billion in assets was a problem credit union as of March 31, 2016. The number of problem credit unions with between $500 million and $1 billion in assets declined by 1 during the quarter to 2 credit unions. The number of problem credit unions with between $100 million and $500 million in assets fell from 15 at the end of 2015 to 14 at the end of the first quarter of 2016. Only credit unions with less than $10 million in assets saw an increase in the number of problem credit unions by 3 during the quarter to 126 credit unions.
At the end of the first quarter, there were 218 problem credit unions. In comparison, there were 220 problem credit unions at the end of the fourth quarter of 2015 and 258 credit unions at the end of the first quarter of 2015.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the first quarter both total shares (deposits) and assets in problem credit unions fell. Shares in problem credit unions decreased from $7.7 billion at the end of 2015 to $7.5 billion as of March 31, 2016 . Over the same time period, assets in problem credit unions fell from $8.6 billion to $7.8 billion. A year earlier, problem credit unions held $10.3 billion in shares and $11.6 billion in assets.
According to NCUA, 0.78 percent of total insured shares and 0.6 percent of industry assets were in problem credit unions at the end of the first quarter.
According to NCUA, 93 percent of all problem credit unions had less than $100 million in shares, while approximately 1 percent of the problem credit unions had shares of $500 million or more.
NCUA reported that no credit union with at least $1 billion in assets was a problem credit union as of March 31, 2016. The number of problem credit unions with between $500 million and $1 billion in assets declined by 1 during the quarter to 2 credit unions. The number of problem credit unions with between $100 million and $500 million in assets fell from 15 at the end of 2015 to 14 at the end of the first quarter of 2016. Only credit unions with less than $10 million in assets saw an increase in the number of problem credit unions by 3 during the quarter to 126 credit unions.
Thursday, February 18, 2016
Number of Problem CUs Fell During Q4 2015; Assets and Shares Edge Higher
The National Credit Union Administration (NCUA) reported that the number of problem credit unions fell during the fourth quarter; but assets and shares in problem credit unions edged higher.
At the end of the fourth quarter, there were 220 problem credit unions. In comparison, there were 233 problem credit unions at the end of the third quarter of 2015 and 276 credit unions at the end of 2014.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the fourth quarter both total shares (deposits) and assets in problem credit unions rose. Shares in problem credit unions increased from $7.6 billion as of September 30, 2015 to $7.7 billion at the end of 2015. Over the same time period, assets in problem credit unions rose from $8.5 billion to $8.6 billion. A year earlier, problem credit unions held $10.2 billion in shares and $11.5 billion in assets.
According to NCUA, 0.80 percent of total insured shares and 0.7 percent of industry assets were in problem credit unions at the end of the fourth quarter.
According to NCUA, 92 percent of all problem credit unions had less than $100 million in assets, while just over 1 percent of the problem credit unions had assets of $500 million or more.
NCUA reported that no credit union with at least $1 billion in assets was a problem credit union at the end of 2015. The number of problem credit unions with between $500 million and $1 billion in assets was unchanged during the quarter at 3 credit unions.
At the end of the fourth quarter, there were 220 problem credit unions. In comparison, there were 233 problem credit unions at the end of the third quarter of 2015 and 276 credit unions at the end of 2014.
A problem credit union has a composite CAMEL rating of 4 or 5.
During the fourth quarter both total shares (deposits) and assets in problem credit unions rose. Shares in problem credit unions increased from $7.6 billion as of September 30, 2015 to $7.7 billion at the end of 2015. Over the same time period, assets in problem credit unions rose from $8.5 billion to $8.6 billion. A year earlier, problem credit unions held $10.2 billion in shares and $11.5 billion in assets.
According to NCUA, 0.80 percent of total insured shares and 0.7 percent of industry assets were in problem credit unions at the end of the fourth quarter.
According to NCUA, 92 percent of all problem credit unions had less than $100 million in assets, while just over 1 percent of the problem credit unions had assets of $500 million or more.
NCUA reported that no credit union with at least $1 billion in assets was a problem credit union at the end of 2015. The number of problem credit unions with between $500 million and $1 billion in assets was unchanged during the quarter at 3 credit unions.
Thursday, October 15, 2015
Problem Credit Unions Fell During Q3 2015
The National Credit Union Administration (NCUA) reported that the number of problem credit unions fell during the third quarter of 2015.
At the end of the third quarter, there were 233 problem credit unions -- down from 251 credit unions at the end of the second quarter of 2015. A year ago, the number of problem credit unions was 288.
A problem credit union has a CAMEL Code of 4 or 5.
During the third quarter, both total shares (deposits) and assets in problem credit unions fell. Shares in problem credit unions fell from $10.2 billion as of June 30, 2015 to $7.6 billion as of September 30, 2015. Over the same time period, assets in problem credit unions declined from $11.4 billion to $8.5 billion.
According to NCUA, 0.81 percent of total insured shares and 0.7 percent of industry assets are in problem credit unions at the end of the third quarter.
According to NCUA, 93 percent of all problem credit unions have less than $100 million in assets, while just over 1 percent have assets of $500 million or more. NCUA reported that no credit union with at least $1 billion in assets were a problem credit union. The number of problem credit unions with between $500 million and $1 billion in assets edged lower during the quarter from 4 credit unions to 3 credit unions.
At the end of the third quarter, there were 233 problem credit unions -- down from 251 credit unions at the end of the second quarter of 2015. A year ago, the number of problem credit unions was 288.
A problem credit union has a CAMEL Code of 4 or 5.
During the third quarter, both total shares (deposits) and assets in problem credit unions fell. Shares in problem credit unions fell from $10.2 billion as of June 30, 2015 to $7.6 billion as of September 30, 2015. Over the same time period, assets in problem credit unions declined from $11.4 billion to $8.5 billion.
According to NCUA, 0.81 percent of total insured shares and 0.7 percent of industry assets are in problem credit unions at the end of the third quarter.
According to NCUA, 93 percent of all problem credit unions have less than $100 million in assets, while just over 1 percent have assets of $500 million or more. NCUA reported that no credit union with at least $1 billion in assets were a problem credit union. The number of problem credit unions with between $500 million and $1 billion in assets edged lower during the quarter from 4 credit unions to 3 credit unions.
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