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.