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NCUA Board Meeting Reports On The Health Of Credit Unions

Thursday, July 29, 2010 - 8:58 PM
The NCUA Board had an open meeting on Thursday, and an update of the insurance fund was provided.

The number of problem credit unions has increased from 351 on May 10th to 366 on June 10th. It was 211 back in 2007. However, the percentage of deposits at problem credit unions to overall insured deposits has dropped from 6.23% to 5.69%. It used to be around 1% back in 2007.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634