Safe and Sound

BOEING HELICOPTERS CREDIT UNION

Ridley Park, PA
5
Star Rating
BOEING HELICOPTERS CREDIT UNION is a Ridley Park, PA-based, NCUA-insured credit union dating back to 1952. As of December 31, 2017, the credit union had assets of $139.0 million.

With 15 full-time employees, the credit union has amassed loans and leases worth $88.3 million. BOEING HELICOPTERS CREDIT UNION's 7,675 members currently have $112.9 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, BOEING HELICOPTERS CREDIT UNION exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a look at how the credit union did on the three key criteria Bankrate used to grade U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is a valuable measurement of an institution's financial resilience. It acts as a bulwark against losses and provides protection for members when a credit union is struggling financially. From a safety and soundness perspective, the more capital, the better.

BOEING HELICOPTERS CREDIT UNION scored 24 out of a possible 30 points on our test to measure capital adequacy, beating the national average of 15.65.

BOEING HELICOPTERS CREDIT UNION's capitalization ratio of 24.00 percent in our test was higher than the average for all credit unions, suggesting that it's stronger than its peers.

Asset Quality Score

In this test, Bankrate tries to determine the effect of troubled assets, such as past-due loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

A credit union with large numbers of these kinds of assets could eventually be required to use capital to absorb losses, reducing its buffer of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in lower earnings and potentially more risk of a future failure.

BOEING HELICOPTERS CREDIT UNION exceeded the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

BOEING HELICOPTERS CREDIT UNION's ratio of troubled assets was 0.00 percent in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or use them to address problematic loans, potentially making the credit union more resilient in tough times. Conversely, losses reduce a credit union's ability to do those things.

On Bankrate's test of earnings, BOEING HELICOPTERS CREDIT UNION scored 6 out of a possible 30, falling short of the national average of 10.11.

BOEING HELICOPTERS CREDIT UNION had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, suggesting that it's beating 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.