Safe and Sound

WINTHROP-UNIVERSITY HOSPITAL EMPLOY

MINEOLA, NY
5
Star Rating
MINEOLA, NY-based WINTHROP-UNIVERSITY HOSPITAL EMPLOY is an NCUA-insured credit union founded in 1973. Regulatory filings show the credit union having $33.1 million in assets, as of December 31, 2017.

With 7 full-time employees, the credit union holds loans and leases worth $15.8 million. WINTHROP-UNIVERSITY HOSPITAL EMPLOY's 4,286 members currently have $28.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, WINTHROP-UNIVERSITY HOSPITAL EMPLOY exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for an analysis of how the credit union did on the three key criteria Bankrate used to evaluate American 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 bulwark against losses and provides protection for members when a credit union is struggling financially. It follows then that when it comes to measuring an a credit union's financial stability, capital is essential. When looking at safety and soundness, more capital is better.

WINTHROP-UNIVERSITY HOSPITAL EMPLOY beat out the national average of 15.65 points on our test to measure capital adequacy, scoring 16 out of a possible 30 points.

WINTHROP-UNIVERSITY HOSPITAL EMPLOY had a capitalization ratio of 16.00 percent in our test, equal to the average for all credit unions, a sign that it's right in line with its peers.

Asset Quality Score

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

Having lots of these types of assets could eventually require a credit union to use capital to cover losses, shrinking its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, pushing down earnings and elevating the risk of a future failure.

WINTHROP-UNIVERSITY HOSPITAL EMPLOY scored 40 out of a possible 40 points on Bankrate's test of asset quality, beating the national average of 38.09.

Troubled assets made up 0.00 percent of the credit union's total assets in our test, less than the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at making money affects its safety and soundness. A credit union can retain its earnings, boosting its capital buffer, or put them to work addressing problematic loans, potentially making the credit union better prepared to withstand financial trouble. Obviously, credit unions that are losing money are less able to do those things.

WINTHROP-UNIVERSITY HOSPITAL EMPLOY beat the national average on Bankrate's earnings test, achieving a score of 18 out of a possible 30.

The credit union had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, a sign that it's running ahead of 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.