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
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
7 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
10 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
11 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
12 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
13 hours ago