ALEXANDRIA, Va. — NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today that 19.5% of insured shares were in credit unions with a rating of CAMEL 3 or higher at the end of March, compared with 19.6% at the end of February.
The NCUSIF equity ratio was at 1.26%, compared with 1.23% at the end of February.
She said that 13.8% of insured shares were in CAMEL 3 credit unions and 5.6% of shares were at CAMEL 4 and 5 credit unions.
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There have been eight failures of federally insured credit unions this year.
Woodson told the board that the NCUSIF's net income increased $3.2 million last month. Its net income this year has been $228.5 million, even though the agency projected a loss of $163.5 million.
As of March 31, the NCUSIF had $20.1 billion in assets, compared with $19.8 billion at the end of February and $23.4 billion at the end of March 2009.
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