ALEXANDRIA, Va. — Almost 20% of insured shares continued to be in credit unions with a rating of CAMEL 3 or higher at the end of last month and the NCUSIF's equity ratio remained at 1.24%, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board at today's meeting.
She said that 13.6% of insured shares were in CAMEL 3 credit unions and there were 1,665 credit unions with that designation. At the end of 2009, there were 1,668 CAMEL 3 credit unions and they also represented 13.6% of all insured shares.
At the end of January, 5.82% of insured shares were in CAMEL 4 and 5 credit unions, the same as at the end of 2009. There were 357 such institutions at the end of January, compared with 351 at the end of 2009 and 271 in January 2009.
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