Number of Problem CUs Fell During Q3
The number of problem credit unions, as well as shares (deposits) and assets in problem credit unions fell during the third quarter. A problem credit union is defined as having a CAMEL code of 4 and 5.
Problem credit unions decreased by 17, for a total of 382 as of Sept. 30. Assets and shares were $26.3 billion and $23.5 billion, respectively.
The number of problem credit unions with $500 million or more in assets was unchanged between the end of the second quarter and the end of the third quarter.
There were 7 credit unions with more than $1 billion in assets on the problem list. These 7 credit unions have $11.3 billion in shares.
There were another 4 credit unions with between $500 million and $1 billion in assets on the problem list.
