ALEXANDRIA, Va. -- The number of troubled credit unions remained about the same in January, NCUA CFO Mary Ann Woodson told the agency's board today.
There were 369 CAMEL 4 and 5 credit unions at the end of January, compared with 368 at the end of December.
There were 1,819 CAMEL 3 credit unions at the end of January, compared with 1,827 at the end of December.
Last month, 5% of insured shares were in CAMEL 4 and 5 credit unions, compared with 5.08% in December. In January, 17.8% of all insured shares were in CAMEL 3 credit unions, compared with 18.1% in December.
The NCUSIF had a net income of $11.4 million last month, compared to a budgeted loss of $46.7 million. Its equity ratio was 1.28%, the same as in December, No credit unions closed so there was no insurance loss expense. The agency had budgeted $46.7 million.
To read the report, go to: http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/2011/Feb17/Item5a11-0217.pdf
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