National Credit Union Share Insurance Fund Report

NCUA's March 18th meeting included a report on the share insurance fund and the health of the nation's credit unions:

Six federally insured credit unions have failed thus far in 2010 at a cost to the Fund of $6.7 million -- 4 were involuntary liquidations and 2 were assisted mergers.

There were 337 CAMEL code 4&5 credit unions at February 28, 2010; 20 fewer than were reported last month.