As a result of the sluggish economy, 5.13% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 326 credit unions with such ratings, NCUA CFO Mary Ann Woodson told the NCUA Board today.
Those credit unions represent about $36.5 billion in assets.
By contrast, at the end of December there were 271 credit unions with those ratings.
In addition, there are 1,634 credit unions with CAMEL 3 ratings, compared with 1,540 at the end of last December.
The board took the following actions: It approved a final rule outlining the details of the increase in the maximum share insurance amount from $100,000 to $250,000 through the end of 2013; It approved a request from the Kansas State Supervisory Authority to exempt state-charted federally insured credit unions there from NCUA's rules regarding access to CUSO books and records; and The board also approved the conversion of US $1364 Federal Credit Union to a community charter for people who live, work, or worship in Lake or Porter counties in Indiana.
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