MSNBC has a feature on their website that lets you check the health of your bank or credit union. I took a look at my credit union and found that they have a troubled asset ratio of 18. That’s actually pretty good. There are over 389 banks (as of Dec 31 2009) that had a troubled asset ratio of over 100 which means that they had more troubled loans than they had money set aside to cover potential losses.
It’s definitely worth taking a look to see where your bank or credit union falls.
Mine got a 7.10 :)
Wow! That’s impressive. I thought mine was doing pretty well at 18. Either way, they are a far cry from the 100+ club.
Hazzard
Interesting resource. Scary to think that so banks are still at risk, given that our politicians say the financial crisis is past and the Dow is nearing 11K!