Safe and Sound

CLEAN ENERGY

5
Star Rating
Started in 2017, CLEAN ENERGY is an NCUA-insured credit union headquartered in Englewood, CO. The credit union holds $1 in assets, according to December 31, 2017, regulatory filings.

CLEAN ENERGY's 1 members currently have $0 in shares with the credit union. With that footprint, the credit union has amassed loans and leases worth $0.

Overall, Bankrate believes that, as of December 31, 2017, CLEAN ENERGY exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a look at how the credit union faired on the three major 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 is an important measurement of a credit union's financial resilience. It works as a bulwark against losses and as protection for members during times of financial trouble for the credit union. When looking at safety and soundness, more capital is better.

CLEAN ENERGY scored 30 out of a possible 30 points on our test to measure capital adequacy, beating out the national average of 15.65.

CLEAN ENERGY had a capitalization ratio of 30.00 percent in our test, above the average for all credit unions, a sign that it's on more solid financial footing than its peers.

Asset Quality Score

In this test, Bankrate tries to determine the impact of troubled assets, such as past-due loans, on the credit union's loan loss reserves and overall capitalization.

A credit union with extensive holdings of these kinds of assets may eventually be forced 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 interest for the credit union, pushing down earnings and elevating the chances of a future failure.

On Bankrate's test of asset quality, CLEAN ENERGY scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.

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, increasing its capital buffer, or put them to work addressing problematic loans, potentially making the credit union better able to withstand financial trouble. Obviously, credit unions that are losing money are less able to do those things.

CLEAN ENERGY fell short of the national average on Bankrate's test of earnings, achieving a score of 2 out of a possible 30.

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.