ALEXANDRIA, Va.–NCUA Chief Financial Officer Mary Ann Woodson today told the board that in November for the first time this year there were declines in the number of troubled credit unions.

At the end of November, 18.6.% of insured shares were in CAMEL 3 credit unions, compared with 18.8% at the end of October. There were 1,792 CAMEL 3 credit unions, compared with 1,774 at the end of October.

Woodson also reported that 5.1% of insured shares were in CAMEL 4 and 5 credit unions at the end of November, compared with 5.2% at the end of October. There were 372 CAMEL 4 and 5 credit unions at the end of November, compared with 378 at the end of October.

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