Safe and Sound

M.W.P.H. GRAND LODGE OF ILLINOIS

CHICAGO, IL
3
Star Rating
M.W.P.H. GRAND LODGE OF ILLINOIS is an NCUA-insured credit union founded in 1984 and currently based in CHICAGO, IL. As of December 31, 2017, the credit union held assets of $375,588.

The credit union holds loans and leases worth $11,452. M.W.P.H. GRAND LODGE OF ILLINOIS's 473 members currently have $334,228 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, M.W.P.H. GRAND LODGE OF ILLINOIS exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three key criteria Bankrate used to score American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial fortitude, capital is useful. It acts as a buffer against losses and as protection for members when a credit union is struggling financially. When looking at safety and soundness, the more capital, the better.

M.W.P.H. GRAND LODGE OF ILLINOIS received a score of 12 out of a possible 30 points on our test to measure capital adequacy, lower than the national average of 15.65.

M.W.P.H. GRAND LODGE OF ILLINOIS appears to be less well prepared for financial trouble than its peers in this area, with a capitalization ratio of 12.00 percent in our test, worse than the average for all credit unions.

Asset Quality Score

This test is intended to estimate how the credit union's loan loss reserves and overall capitalization could be affected by troubled assets, such as past-due mortgages.

A credit union with a large number of these types of assets may eventually be forced to use capital to absorb losses, decreasing its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, resulting in reduced earnings and potentially more risk of a future failure.

M.W.P.H. GRAND LODGE OF ILLINOIS scored 40 out of a possible 40 points on Bankrate's asset quality test, beating out the national average of 38.09.

The credit union's ratio of troubled assets was 0.00 percent in our test, beneath the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance has an effect on its safety and soundness. A credit union can retain its earnings, boosting its capital cushion, or put them to work addressing problematic loans, likely making the credit union better prepared to withstand economic shocks. Obviously, credit unions that are losing money are less able to do those things.

On Bankrate's test of earnings, M.W.P.H. GRAND LODGE OF ILLINOIS scored 0 out of a possible 30, falling short of the national average of 10.11.

The credit union had an earnings ratio of 0.00 percent in our test, above 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.