HealthScore: A Look at Conserved Credit Unions

One question we frequently entertain is whether the HealthScore really indicates “health.” One way to address the question is to compare the scores of credit unions that have failed, as defined by conservatorship and/or liquidation, to those of the industry overall. In this post we do just that, charting average industry scores and those of conserved credit unions. We certainly see a difference. Perhaps you will too. Continue reading “HealthScore: A Look at Conserved Credit Unions”

HealthScore Data Shows Long-Term Issues at Small Conserved Credit Union

Melting Ice Cubes

The National Credit Union Administration (NCUA) conserved Bethex Federal Credit Union last September, and ultimately liquidated the credit union on December 18, 2015. While the credit union’s long-time service as a community development financial institution was lauded, HealthScore trends shows the credit union faced a constant struggle to achieve stable financial health.  Continue reading “HealthScore Data Shows Long-Term Issues at Small Conserved Credit Union”

Health One CU Conserved In May… How Healthy Was It?

Health One Credit Union Conserved

Michigan’s Health One Credit Union was conserved by regulators on May 16, 2014. How healthy was the credit union? We’ve run a HealthScore report on the institution (the kind you can obtain for your own credit union) to find out. Continue reading “Health One CU Conserved In May… How Healthy Was It?”

HealthScore Chart of the Week – Closed Credit Unions

HealthScore Chart of the Week

We are back with new content for our Credit Union Industry HealthScore Chart of the Week series. Our HealthScore system calculates overall credit union health by scoring/grading performance across eleven different key ratios. This week’s HealthScore chart focuses on credit unions that closed, merged, or changed charters during Q3 2013, specifically looking at the distribution of credit union scores as compared to industry averages. Continue reading “HealthScore Chart of the Week – Closed Credit Unions”

How Healthy Was Women’s Southwest Federal Credit Union?

On October 31 2012 the National Credit Union Administration announced the liquidation of Women’s Southwest Federal Credit Union (WSFCU) of Dallas, Texas. NCUA states that it made the decision to liquidate WSFCU “after determining the credit union was insolvent and had no prospect for restoring viable operations.” A key question is whether the deteriorating health of this credit union was a recent phenomenon. Our analysis suggests it wasn’t.

Continue reading “How Healthy Was Women’s Southwest Federal Credit Union?”