Safe and Sound

WIN-HOOD CO-OP

CHICAGO, IL
4
Star Rating
CHICAGO, IL-based WIN-HOOD CO-OP is an NCUA-insured credit union founded in 1951. Regulatory filings show the credit union having assets of $1.8 million, as of December 31, 2017.

The credit union has amassed loans and leases worth $1.1 million. WIN-HOOD CO-OP's 102 members currently have $1.4 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, WIN-HOOD CO-OP exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a look at how the credit union faired on the three major criteria Bankrate used to score American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial stability, capital is key. It works as a cushion against losses and affords protection for members during times of financial trouble for the credit union. When looking at safety and soundness, more capital is preferred.

WIN-HOOD CO-OP scored 20 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, better than the national average of 15.65.

WIN-HOOD CO-OP had a capitalization ratio of 20.00 percent in our test, better than the average for all credit unions, suggesting that it could have an easier time weathering financial trouble than its peers.

Asset Quality Score

In this test, Bankrate tries to determine the effect of troubled assets, such as past-due mortgages, on the credit union's loan loss reserves and overall capitalization.

Having lots of these types of assets suggests a credit union may have to use capital to absorb losses, cutting down on its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in reduced earnings and potentially more risk of a failure in the future.

On Bankrate's asset quality test, WIN-HOOD CO-OP scored 36 out of a possible 40 points, lower than the national average of 38.09 points.

A below-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.

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 cushion, or be used to deal with problematic loans, likely making the credit union better able to withstand economic trouble. Conversely, losses diminish a credit union's ability to do those things.

WIN-HOOD CO-OP scored 10 out of a possible 30 on Bankrate's earnings test, coming in below the national average of 10.11.

WIN-HOOD CO-OP had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, a sign that it's outperforming 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.