Safe and Sound

KENOSHA POLICE AND FIREMEN'S

KENOSHA, WI
5
Star Rating
Started in 1928, KENOSHA POLICE AND FIREMEN'S is an NCUA-insured credit union based in KENOSHA, WI. As of December 31, 2017, the credit union had assets of $9.9 million.

KENOSHA POLICE AND FIREMEN'S's 1,012 members currently have $6.7 million in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $3.2 million.

Overall, Bankrate believes that, as of December 31, 2017, KENOSHA POLICE AND FIREMEN'S exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a look at how the credit union did on the three key criteria Bankrate used to evaluate U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a cushion against losses and provides protection for members during periods of financial instability for the credit union. It follows then that an institution's level of capital is a key measurement of its financial fortitude. From a safety and soundness perspective, more capital is better.

KENOSHA POLICE AND FIREMEN'S exceeded 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.

KENOSHA POLICE AND FIREMEN'S appears to be stronger than its peers, with a capitalization ratio of 30.00 percent in our test, better than the average for all credit unions.

Asset Quality Score

This test's purpose is to try to understand how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as past-due loans.

Having large numbers of these types of assets means a credit union could eventually have to use capital to cover losses, cutting down on its buffer of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, diminishing earnings and increasing the risk of a future failure.

KENOSHA POLICE AND FIREMEN'S did better than the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

Earnings score

How successful a credit union is at earning money affects its long-term survivability. Earnings can be retained by the credit union, boosting its capital buffer, or be used to deal with problematic loans, potentially making the credit union more resilient in tough times. Credit unions that are losing money, however, have less ability to do those things.

KENOSHA POLICE AND FIREMEN'S received below-average marks on Bankrate's earnings test, achieving a score of 6 out of a possible 30.

KENOSHA POLICE AND FIREMEN'S had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, an indication 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.