Safe and Sound

CHESWICK ATOMIC DIVISION

HARWICK, PA
5
Star Rating
Founded in 1962, CHESWICK ATOMIC DIVISION is an NCUA-insured credit union headquartered in HARWICK, PA. Regulatory filings show the credit union having $6.2 million in assets, as of December 31, 2017.

Its 668 members currently have $4.7 million in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $2.0 million.

Overall, Bankrate believes that, as of December 31, 2017, CHESWICK ATOMIC DIVISION exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union faired on the three key criteria Bankrate used to evaluate U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital works as a cushion against losses and provides protection for members when a credit union is struggling financially. Therefore, an institution's level of capital is a valuable measurement of its financial strength. From a safety and soundness perspective, more capital is better.

CHESWICK ATOMIC DIVISION scored above the national average of 15.65 points on our test to measure capital adequacy, achieving a score of 30 out of a possible 30 points.

CHESWICK ATOMIC DIVISION appears to be on more solid financial footing than its peers, with a capitalization ratio of 30.00 percent in our test, above the average for all credit unions.

Asset Quality Score

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

Having lots of these types of assets could eventually force a credit union to use capital to absorb losses, reducing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, resulting in depressed earnings and potentially more risk of a future failure.

On Bankrate's test of asset quality, CHESWICK ATOMIC DIVISION scored 40 out of a possible 40 points, beating out the national average of 38.09 points.

Earnings score

A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, increasing its capital cushion, or put them to work addressing problematic loans, potentially making the credit union better able to withstand economic shocks. Losses, on the other hand, take away from a credit union's ability to do those things.

CHESWICK ATOMIC DIVISION scored 2 out of a possible 30 on Bankrate's earnings test, falling short of the national average of 10.11.

CHESWICK ATOMIC DIVISION had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, a sign 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.