Safe and Sound

PARK MANOR CHRISTIAN CHURCH

Chicago, IL
3
Star Rating
Started in 1955, PARK MANOR CHRISTIAN CHURCH is an NCUA-insured credit union based in Chicago, IL. Regulatory filings show the credit union having $989,072 in assets, as of December 31, 2017.

The credit union currently holds loans and leases worth $187,064. PARK MANOR CHRISTIAN CHURCH's 335 members currently have $899,976 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, PARK MANOR CHRISTIAN CHURCH exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three important criteria Bankrate used to score American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is a useful measurement of a credit union's financial fortitude. It acts as a buffer against losses and affords protection for members during periods of financial instability for the credit union. When it comes to safety and soundness, the higher the capital, the better.

On our test to measure the adequacy of a credit union's capital, PARK MANOR CHRISTIAN CHURCH received a score of 10 out of a possible 30 points, coming in below the national average of 15.65.

PARK MANOR CHRISTIAN CHURCH's capitalization ratio of 10.00 percent in our test was less than the average for all credit unions, suggesting that it could have a harder time weathering financial trouble than its peers.

Asset Quality Score

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

A credit union with a large number of these kinds of assets may eventually have to use capital to absorb losses, decreasing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, reducing earnings and elevating the risk of a future failure.

PARK MANOR CHRISTIAN CHURCH beat out the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

PARK MANOR CHRISTIAN CHURCH's ratio of troubled assets was 0.00 percent in our test, beneath the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

A credit union's profitability affects its safety and soundness. Earnings may be retained by the credit union, expanding its capital cushion, or be used to address problematic loans, potentially making the credit union more resilient in tough times. Credit unions that are losing money, however, are less able to do those things.

On Bankrate's earnings test, PARK MANOR CHRISTIAN CHURCH scored 0 out of a possible 30, lower than the national average of 10.11.

One indication that PARK MANOR CHRISTIAN CHURCH is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, above 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.