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”

HealthScore Identifies Potential Weakness Even As Credit Unions Strengthen Overall

Glatt Consulting’s Credit Union Industry HealthScore, updated to include 3rd quarter 2015 credit union financials, is 2.601. The score represents a .52% decline from the previous quarter’s score, but a 2.92% improvement in score from the same period one year earlier. Though scores continue positive year-over-year trends overall, the number of credit unions with scores reflecting underlying weaknesses has increased. Continue reading “HealthScore Identifies Potential Weakness Even As Credit Unions Strengthen Overall”

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?”

Glatt Consulting Begins Study of Proposed Risk-Based Capital Rule, Effects on Credit Unions

Glatt Consulting has updated the firm’s research database used to calculate the Credit Union Industry HealthScore  to include new net worth requirements proposed by the National Credit Union Administration (NCUA). The update allows for the calculation of risk-based net worth as proposed by the regulator not only for the latest call report cycle but for historical cycles as well. Data will be used to study the impact of the proposed rule on credit union health and financial performance.  Continue reading “Glatt Consulting Begins Study of Proposed Risk-Based Capital Rule, Effects on Credit Unions”