Banks and Credit Union Comparisons

Posted: March 24, 2011 in Banks, Credit Unions, FDIC, NCUA, NCUSIF
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The battle of survival rages on…

Credit Unions

The number of troubled credit unions remained about the same in January, NCUA CFO Mary Ann Woodson told the agency’s board today.

There were 369 CAMEL 4 and 5 credit unions at the end of January, compared with 368 at the end of December.

There were 1,819 CAMEL 3 credit unions at the end of January, compared with 1,827 at the end of December.

Last month, 5% of insured shares were in CAMEL 4 and 5 credit unions, compared with 5.08% in December. In January, 17.8% of all insured shares were in CAMEL 3 credit unions, compared with 18.1% in December.

The NCUSIF had a net income of $11.4 million last month, compared to a budgeted loss of $46.7 million. Its equity ratio was 1.28%, the same as in December, No credit unions closed so there was no insurance loss expense. The agency had budgeted $46.7 million. Since this report 5 credit unions have failed.


The number of distressed banks in the U.S. rose to 702 in the fourth quarter, the highest level in sixteen years, according to a report released by the Federal Deposit Insurance Corp. Tuesday. That number is up from 552 at the end of September and 416 at the end of June.

This is the largest number of banks on its “problem list” since June 1993. Banks insured by the FDIC dropped to a total quarterly profit of $914 million in the fourth quarter, compared with $2.8 billion in the third quarter. However, the result was significantly better than the $37.8 billion loss for insured institutions during the fourth quarter of 2008. Insured deposits reported full-year net income of $12.5 billion.

The FDIC reported that its Deposit Insurance Fund dropped further into negative territory, reporting a $20.9 billion loss in the fourth quarter, worse than its $8.2 billion loss in the third quarter.

The agency hopes to make up that loss through advance payments by banks of $45 billion in fees

Insurance Fund Ratios for Banks & Credit Unions


Total Assets Banks & Credit Unions

Average Institution Size Banks & Credit Unions

Banks & Credit Union Loan Chargeoffs


Chargeoffs are at record levels, and it appears the economy will linger for years.

Will this be the year chargeoffs level off or decline?


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