Board Action Bulletin
Assets of CAMEL Code 3, 4 and 5 Credit Unions Fall for 10th Straight Quarter
NCUA’s Share Insurance Fund ended the first quarter of 2013 with net income of $9.4 million and an equity ratio of 1.31 percent, exceeding the statutory normal operating level of 1.30 percent. The equity ratio is calculated on the year-end 2012 insured base of $839 billion.
- The number of CAMEL code 4 and 5 credit unions dropped 8.1 percent to 339. More than half were credit unions with less than $10 million in assets.
- Assets of the CAMEL code 4 and 5 credit unions fell 11.6 percent, to $16.8 billion from $19.0 billion at the end of 2012.
- The number of CAMEL code 3 credit unions dropped to 1,558 during the quarter from 1,571 at the end of 2012. Approximately half were credit unions with assets less than $10 million.
- Assets of the CAMEL code 3 credit unions fell by 4.1 percent, to $114.4 billion from $119.3 billion at the end of 2012.
The Chief Financial Officer also reported on the Stabilization Fund’s operations. Overall, the financial condition of the Stabilization Fund remains consistent with year-end 2012.
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