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
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
1 Day ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 Day ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
1 Day ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
1 Day ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
1 Day ago