Safe and Sound

CHEYENNE-LARAMIE COUNTY EMPLOYEES

CHEYENNE, WY
4
Star Rating
CHEYENNE-LARAMIE COUNTY EMPLOYEES is a CHEYENNE, WY-based, NCUA-insured credit union dating back to 1951. Regulatory filings show the credit union having $22.4 million in assets, as of December 31, 2017.

Members have $5.6 million on deposit tended by 5 full-time employees. With that footprint, the credit union has amassed loans and leases worth $5.6 million. Its 2,309 members currently have $19.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, CHEYENNE-LARAMIE COUNTY EMPLOYEES exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three key criteria Bankrate used to score U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a cushion against losses and as protection for members when a credit union is experiencing financial trouble. Therefore, when it comes to measuring an a credit union's financial strength, capital is important. From a safety and soundness perspective, more capital is better.

CHEYENNE-LARAMIE COUNTY EMPLOYEES received a score of 12 out of a possible 30 points on our test to measure capital adequacy, below the national average of 15.65.

CHEYENNE-LARAMIE COUNTY EMPLOYEES's capitalization ratio of 12.00 percent in our test was less than the average for all credit unions, suggesting that it's less well prepared for financial trouble than its peers.

Asset Quality Score

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

A credit union with extensive holdings of these types of assets may eventually have to use capital to cover losses, cutting down on its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, reducing earnings and increasing the risk of a future failure.

CHEYENNE-LARAMIE COUNTY EMPLOYEES scored 40 out of a possible 40 points on Bankrate's asset quality test, beating the national average of 38.09.

A below-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at making money has an effect on its long-term survivability. A credit union can retain its earnings, expanding its capital buffer, or use them to address problematic loans, likely making the credit union better prepared to withstand economic shocks. Losses, on the other hand, reduce a credit union's ability to do those things.

CHEYENNE-LARAMIE COUNTY EMPLOYEES fell short of the national average on Bankrate's test of earnings, achieving a score of 4 out of a possible 30.

CHEYENNE-LARAMIE COUNTY EMPLOYEES had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, suggesting that it's outperforming 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.