Safe and Sound

UNIWYO

LARAMIE, WY
4
Star Rating
UNIWYO is an NCUA-insured credit union founded in 1953 and currently headquartered in LARAMIE, WY. The credit union has assets of $313.8 million, according to June 30, 2017, regulatory filings.

With 61 full-time employees, the credit union holds loans and leases worth $235.3 million. Its 26,727 members currently have $273.1 million in shares with the credit union.

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

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a bulwark against losses and provides protection for members when a credit union is experiencing financial instability. It follows then that an institution's level of capital is a useful measurement of its financial resilience. From a safety and soundness perspective, more capital is preferred.

UNIWYO fell short of the national average of 15.26 on our test to measure capital adequacy, achieving a score of 10 out of a possible 30 points.

UNIWYO had a capitalization ratio of 9.00 percent in our test, less than the average for all credit unions, a sign that it could have a harder time weathering financial trouble than its peers.

Asset Quality Score

Bankrate uses this test to estimate the effect of troubled assets, such as unpaid loans, on the credit union's loan loss reserves and overall capitalization.

A credit union with a large number of these kinds of assets may eventually be forced to use capital to absorb 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, reducing earnings and elevating the chances of a future failure.

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

Troubled assets made up 3.00 percent of UNIWYO's total assets in our test, beneath the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's profitability has an effect on its long-term survivability. Earnings may be retained by the credit union, boosting its capital cushion, or be used to address problematic loans, likely making the credit union better able to withstand financial shocks. Obviously, credit unions that are losing money are less able to do those things.

UNIWYO scored 12 out of a possible 30 on Bankrate's earnings test, beating the national average of 10.31.

UNIWYO had an earnings ratio of 6.00 percent in our test, higher than the average for all credit unions, suggesting that it's doing better than its peers in this area.

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.