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On-Site Coverage: Number of Problem CUs Continues to Be High

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%.

By Claude R. Marx | Updated on February 17, 2010

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.

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