Safe and Sound

BLOOMINGTON POSTAL EMPLOYEES

BLOOMINGTON, IL
4
Star Rating
Founded in 1933, BLOOMINGTON POSTAL EMPLOYEES is an NCUA-insured credit union based in BLOOMINGTON, IL. As of December 31, 2017, the credit union held assets of $22.8 million.

Thanks to the work of 4 full-time employees, the credit union holds loans and leases worth $8.5 million. Its 1,711 members currently have $19.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, BLOOMINGTON POSTAL EMPLOYEES exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union did on the three major criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and provides protection for members when a credit union is experiencing economic trouble. Therefore, when it comes to measuring an a credit union's financial resilience, capital is important. When looking at safety and soundness, the higher the capital, the better.

BLOOMINGTON POSTAL EMPLOYEES racked up 20 out of a possible 30 points on our test to measure capital adequacy, above the national average of 15.65.

BLOOMINGTON POSTAL EMPLOYEES appears to be stronger than its peers, with a capitalization ratio of 20.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

Bankrate uses this test to estimate the impact of problem assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.

Having large numbers of these types of assets may eventually force a credit union to use capital to absorb losses, diminishing its equity cushion. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in depressed earnings and potentially more risk of a future failure.

BLOOMINGTON POSTAL EMPLOYEES scored 40 out of a possible 40 points on Bankrate's asset quality test, better than the national average of 38.09.

Troubled assets made up 0.00 percent of BLOOMINGTON POSTAL EMPLOYEES'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 long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or use them to address problematic loans, likely making the credit union better prepared to withstand economic trouble. Losses, on the other hand, take away from a credit union's ability to do those things.

BLOOMINGTON POSTAL EMPLOYEES received below-average marks on Bankrate's earnings test, achieving a score of 4 out of a possible 30.

One indication that the credit union is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, better 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.