Safe and Sound

CLEARVIEW

Moon Township, PA
4
Star Rating
Founded in 1953, CLEARVIEW is an NCUA-insured credit union based in Moon Township, PA. Regulatory filings show the credit union having assets of $1.14 billion, as of June 30, 2017.

With 290 full-time employees, the credit union currently holds loans and leases worth $822.5 million. CLEARVIEW's 99,319 members currently have $1.00 billion in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, CLEARVIEW exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three major criteria Bankrate used to score U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial fortitude, capital is useful. It works as a bulwark against losses and affords protection for members when a credit union is struggling financially. When it comes to safety and soundness, more capital is better.

CLEARVIEW finished below the national average of 15.26 on our test to measure the adequacy of a credit union's capital, achieving a score of 10 out of a possible 30 points.

CLEARVIEW's capitalization ratio of 9.00 percent in our test was below the average for all credit unions, suggesting that it's on less solid financial footing than its peers.

Asset Quality Score

This test's purpose is to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as unpaid mortgages.

Having large numbers of these types of assets may eventually require a credit union to use capital to cover losses, decreasing its buffer of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, diminishing earnings and increasing the risk of a failure in the future.

On Bankrate's asset quality test, CLEARVIEW scored 40 out of a possible 40 points, beating out the national average of 38.15 points.

Troubled assets made up 2.00 percent of the credit union's total assets in our test, below the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at earning money affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital buffer, or be used to deal with problematic loans, likely making the credit union better able to withstand economic trouble. Conversely, losses take away from a credit union's ability to do those things.

CLEARVIEW did above-average on Bankrate's earnings test, achieving a score of 16 out of a possible 30.

One sign that CLEARVIEW is beating its peers in this area was its earnings ratio of 7.00 percent in our test, above the average for all credit unions.

WHAT IS SAFE & SOUND?

Bankrate.com's Safe & Sound Ratings provide a star rating system to evaluate the current financial status of financial institutions. The information gathered about banks, credit unions and thrifts is updated as set forth in the Terms of Use of Safe & Sound Ratings and Reports. The Safe & Sound Ratings information is grouped by categories of banks, thrifts and credit unions.

Scoring methodology

Bankrate.com evaluates the financial condition of institutions and assigns a one- to five-star rating for each with five stars representing the highest rating. Institutions with satisfactory performance will generally receive a rating of three or more stars. The majority of institutions fall into the three- to four-star range. An institution with an "NR" rating may be too new to rate or may have limited the publicly available information in their regulatory filings. The "NR" is not an indication of financial strength or weakness. The Safe & Sound rating is believed to be reliable, but the information is not guaranteed. In addition, events since the information was collected may have altered the institution's financial condition.