Safe and Sound

INTEGRUS CREDIT UNION

DUBUQUE, IA
NR
Star Rating
Founded in 1934, INTEGRUS CREDIT UNION is an NCUA-insured credit union headquartered in DUBUQUE, IA. As of June 30, 2017, the credit union had assets of $26.1 million.

With 10 full-time employees, the credit union currently holds loans and leases worth $21.6 million. Its 2,660 members currently have $24.8 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, INTEGRUS CREDIT UNION exhibited a significantly below-average condition, earning 1 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union did on the three important criteria Bankrate used to evaluate 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 during times of financial trouble for the credit union. It follows then that when it comes to measuring an a credit union's financial strength, capital is valuable. From a safety and soundness perspective, more capital is preferred.

INTEGRUS CREDIT UNION scored below the national average of 15.26 on our test to measure the adequacy of a credit union's capital, receiving a score of 0 out of a possible 30 points.

INTEGRUS CREDIT UNION appears to be on less solid financial footing than its peers in this area, with a capitalization ratio of 5.00 percent in our test, worse than the average for all credit unions.

Asset Quality Score

Bankrate uses this test to estimate the effect of problem 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 types of assets could eventually be forced to use capital to cover losses, decreasing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, resulting in lower earnings and potentially more risk of a failure in the future.

INTEGRUS CREDIT UNION fell short of the national average of 38.15 on Bankrate's test of asset quality, racking up 12 out of a possible 40 points .

Troubled assets made up 54.00 percent of INTEGRUS CREDIT UNION's total assets in our test, exceeding the national average and something to keep an eye on.

Earnings score

How successful a credit union is at earning money has an effect on its safety and soundness. A credit union can retain its earnings, increasing its capital cushion, or use them to address problematic loans, potentially making the credit union more resilient in tough times. Conversely, losses take away from a credit union's ability to do those things.

On Bankrate's earnings test, INTEGRUS CREDIT UNION scored 0 out of a possible 30, below the national average of 10.31.

One sign that INTEGRUS CREDIT UNION is performing behind its peers in this area was its earnings ratio of -152.00 percent in our test, lower 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.