Problem Credit Union Update for Q4 2012

by Credit Union Watch

By Keith Leggett

NCUA reported that the number of problem credit unions fell during the fourth quarter and for all of 2012.

A problem credit union is defined as a credit union with a CAMEL 4 or 5 rating.

The number of problem credit unions fell by 40 during 2012 to 369 credit unions and by 13 during the fourth quarter.

There were:

  • 4 credit unions with $1 billion or more in assets on the problem CU list, down from 7 a year earlier;
  • 3 credit unions with between $500 million and $1 billion in assets, down from 4;
  • 25 credit unions with between $100 million and $500 millionin assets, down from 26;
  • 131 credit unions with between $10 million and $100 million in assets, down from 156; and
  • 206 credit unions with under $10 million in assets, up from 196.

In addition, the assets and shares (deposits) in problem credit unions declined during 2012.

continue reading »