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Problem CUs Fell During the 4th Quarter of 2017 "Credit News 24"

The number of problem credit unions fell during the fourth quarter of 2017, according to the National Credit Union Administration (NCUA).

At the end of the fourth quarter, there were 196 problem credit unions. In comparison, there were 201 problem credit unions at the end of the third quarter 2017 and 220 problem credit unions at the end of 2015.

A problem credit union has a composite CAMEL rating of 4 or 5.

During the fourth quarter both total shares (deposits) and assets in problem credit unions were unchanged. Shares in problem credit unions were $8.6 billion as of the end of 2017 and assets were $9.7 billion. A year earlier, problem credit unions held $7.7 billion in shares and $8.6 billion in assets.

According to NCUA, 0.83 percent of total insured shares and 0.8 percent of industry assets were in problem credit unions at the end of the fourth quarter.

NCUA reported credit unions with less than $100 million in assets accounted for the decline in problem credit unions.

Title : Problem CUs Fell During the 4th Quarter of 2017 "Credit News 24"
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