Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: CAMEL Code 3, 4, 5 CU Totals Decline, NCUA Reports
ALEXANDRIA, Va. (UPDATED: 4/18/13, 10:45 A.M. ET)--CAMEL Code 3, 4 and 5 credit union totals declined during the first quarter of 2013, and this decline demonstrates the improvements seen throughout the credit union system, National Credit Union Administration Chairman Debbie Matz said at this morning's open board meeting.

The number of CAMEL 4 and 5 credit unions fell by 30 during the quarter. The March 2013 total of 339 CAMEL 4 and 5 credit unions represents an 8.1% decline from the total recorded at the end of 2012. This decline crossed every asset class, Woodson noted. CAMEL Code 4 and 5 credit unions held $16.8 billion in assets.

There were 1,558 CAMEL Code 3 credit unions at the end of the first quarter of 2013, a decline of 13 from the previous quarter's total. Total shares and total assets held by these credit unions also declined to $101.6 billion and $114.4 billion, respectively.

The four failures that have occurred in the first quarter of 2013 cost the fund $75,000 in losses, NCUA Chief Financial Officer Mary Ann Woodson reported.

The TCCUSF remains stable and consistent with agency expectations, Woodson said.

The quarterly report on the status of the agency's National Credit Union Share Insurance Fund and Temporary Corporate Credit Union Stabilization Fund was the only item on today's agenda.
Other Resources

NCUA Financials
RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
13 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
14 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
15 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
15 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
17 hours ago