Safe and Sound

UNIFIED PEOPLE'S

CHEYENNE, WY
5
Star Rating
UNIFIED PEOPLE'S is an NCUA-insured credit union started in 1936 and currently based in CHEYENNE, WY. Regulatory filings show the credit union having assets of $46.7 million, as of June 30, 2017.

Members have $13.8 million on deposit tended by 13 full-time employees. With that footprint, the credit union currently holds loans and leases worth $13.8 million. UNIFIED PEOPLE'S's 3,528 members currently have $37.0 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, UNIFIED PEOPLE'S exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three major criteria Bankrate used to score American credit unions on safety and soundness.

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SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and affords protection for members during periods of economic trouble for the credit union. Therefore, when it comes to measuring an an institution's financial fortitude, capital is important. From a safety and soundness perspective, the higher the capital, the better.

UNIFIED PEOPLE'S scored above the national average of 15.26 points on our test to measure the adequacy of a credit union's capital, receiving a score of 30 out of a possible 30 points.

UNIFIED PEOPLE'S's capitalization ratio of 20.00 percent in our test was above the average for all credit unions, a sign that it's on more solid financial footing than its peers.

Asset Quality Score

This test is intended to try to understand how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as past-due mortgages.

Having a large number of these types of assets suggests a credit union may have to use capital to cover losses, diminishing its equity cushion. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, resulting in reduced earnings and potentially more risk of a failure in the future.

On Bankrate's test of asset quality, UNIFIED PEOPLE'S scored 40 out of a possible 40 points, better than the national average of 38.15 points.

Troubled assets made up 2.00 percent of UNIFIED PEOPLE'S's total assets in our test, lower than the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its safety and soundness. Earnings may be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, likely making the credit union more resilient in times of trouble. Credit unions that are losing money, however, have less ability to do those things.

UNIFIED PEOPLE'S underperformed the average on Bankrate's earnings test, achieving a score of 10 out of a possible 30.

One indication that the credit union is outperforming its peers in this area was its earnings ratio of 4.00 percent in our test, higher than 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.