Safe and Sound

ST. ANTHONY HOSPITAL EMPLOYEE

ROCKFORD, IL
2
Star Rating
ST. ANTHONY HOSPITAL EMPLOYEE is an NCUA-insured credit union founded in 1971 and currently headquartered in ROCKFORD, IL. The credit union holds assets of $4.4 million, according to June 30, 2017, regulatory filings.

The credit union holds loans and leases worth $1.8 million. ST. ANTHONY HOSPITAL EMPLOYEE's 1,364 members currently have $4.0 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, ST. ANTHONY HOSPITAL EMPLOYEE exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three major criteria Bankrate used to grade American 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 affords protection for members during periods of economic trouble for the credit union. It follows then that when it comes to measuring an an institution's financial strength, capital is essential. When it comes to safety and soundness, the higher the capital, the better.

ST. ANTHONY HOSPITAL EMPLOYEE scored below the national average of 15.26 on our test to measure the adequacy of a credit union's capital, scoring 8 out of a possible 30 points.

ST. ANTHONY HOSPITAL EMPLOYEE appears to be less well prepared for financial trouble than its peers in this area, with a capitalization ratio of 9.00 percent in our test, worse than the average for all credit unions.

Asset Quality Score

In this test, Bankrate tries to determine the effect of problem assets, such as unpaid mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

A credit union with lots of these kinds of assets could eventually have to use capital to absorb losses, cutting down on its equity cushion. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in reduced earnings and potentially more risk of a future failure.

ST. ANTHONY HOSPITAL EMPLOYEE scored 32 out of a possible 40 points on Bankrate's asset quality test, lower than the national average of 38.15.

A greater-than-average ratio of troubled assets of 15.00 percent in our test was a potential cause for concern for ST. ANTHONY HOSPITAL EMPLOYEE.

Earnings score

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

ST. ANTHONY HOSPITAL EMPLOYEE did below-average on Bankrate's test of earnings, achieving a score of 2 out of a possible 30.

ST. ANTHONY HOSPITAL EMPLOYEE had an earnings ratio of 1.00 percent in our test, equal to the average for all credit unions, an indication that it's right in line with 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.