2 area credit unions upgraded

2 area credit unions upgraded

Two area credit unions were upgraded and one was downgraded in BauerFinancial's latest ratings.

Community Plus Federal Credit Union, Rantoul, and Route 1 Credit Union, Paris, were both upgraded from 3-star ("adequate") to 4-star ("excellent") based on regulatory data from Dec. 31, 2011.

Meanwhile, Urbana Municipal Employees Credit Union was downgraded from 5-star ("superior") to 4-star.

The other 19 area credit unions rated by BauerFinancial retained the same ratings they had from the quarter that ended Sept. 30. Of those credit unions, 10 received superior ratings, seven got excellent ratings and two received adequate ratings.

Seven other credit unions were not rated, six because they are too small and the seventh — Credit Union 1 in Rantoul — because it is insured privately, rather than by the National Credit Union Administration.

BauerFinancial bases its ratings on capital ratios, profitability trends, levels of delinquent loans, charge-offs and repossessed assets, liquidity, historical data and supervisory actions by regulatory agencies.

The company is one of several bank-rating services. It differentiates itself from others by making its ratings widely accessible to the public.

Here are BauerFinancial's ratings for area credit unions based on Dec. 31, 2011, data:

5-star ("superior")

10 credit unions

Area Educational CU, Mattoon; Blaw-Knox CU, Mattoon; Carle Employees Federal CU, Urbana; Central Illinois CU, Champaign; Education Personnel Federal CU, Danville; Landmark CU, Danville; Lauhoff Employees CU, Danville; MidWest America FCU, Fort Wayne, Ind.; New Horizon CU, Danville; Tee-Pak CU, Danville.

4-star ("excellent")

10 credit unions

Champaign County School Employees CU, Champaign; Champaign Municipal Employees CU, Champaign; Clifford-Jacobs Employees CU, Champaign; Community Plus Federal CU, Rantoul; First Illinois CU, Danville; Paris Hi-Way CU, Paris; Quorum Federal CU, New York; Route 1 CU, Paris; University of Illinois Employees CU, Champaign; Urbana Municipal Employees CU, Urbana.

3-star ("adequate")

Two credit unions

Community Healthcare CU, Urbana; Danville Consolidated CU, Danville.

Not rated*

Seven credit unions

Canaan CU, Urbana; Champaign Postal CU, Champaign; Credit Union 1, Rantoul; Danville Bell CU, Danville; McMillen Master CU, Gibson City; MEA CU, Monticello; Urbana Postal CU, Urbana.

* — Either because the credit union is insured privately, rather than by the National Credit Union Administration, or because it is too small to be rated, having less than $1.5 million in assets.


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