ALEXANDRIA, Va.– The NCUA reported last week that the number of troubled credit unions increased at the end of last year, indicating that despite signs of economic improvement the industry has a way to go before it is out of the woods.

The agency reported at its Jan. 13 board meeting that there were 368 CAMEL 4 and 5 credit unions at the end of December, compared with 351 at the end of December 2009.

Last month's number was a decline from the 372 in November.

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