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Problem Credit Union Update for Q4 2012

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.

Randall Smith