ALEXANDRIA, Va. -- Almost 20% of insured shares were in creditunions with a rating of CAMEL 3 or higher last year and theNCUSIF's equity ratio fell to 1.24% last month, NCUA ChiefFinancial Officer Mary Ann Woodson told the NCUA Board today.
She said that 13.6% of insured shares were in CAMEL 3 creditunions and there were 1,668 institutions last year, compared with1,534 in 2008. In 2009, 5.8% of insured shares were in CAMEL 4 or 5institutions and there were 351 such institutions last year,compared with 271 in 2008.
There were 28 failures of federally insured credit unions in2009, compared with 18 in 2008.
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