2 credit unions up, 1 down in latest ratings

2 credit unions up, 1 down in latest ratings

Two area credit unions have been upgraded and one downgraded in BauerFinancial's latest ratings, based on regulatory data from March 31.

Danville Consolidated Credit Union, which had been rated 2-star ("problematic") in the previous quarter's ratings, was upgraded to 3-star ("adequate") in the latest ratings.

Also upgraded was Community Plus Federal Credit Union, with offices in Rantoul and Champaign. It earned a 5-star ("superior") rating, up from 4-star ("excellent") in the previous quarter.

Meanwhile, the Carle Employees Federal Credit Union in Urbana was downgraded from 5-star to 4-star.

The other 18 area credit unions rated by BauerFinancial retained their ratings from the quarter that ended Dec. 31.

Seven other area credit unions were not rated, either because they are too small or because they are 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.

Here are BauerFinancial's ratings for area credit unions based on March 31 data:

5-star ("superior")

11 credit unions

Area Educational CU, Mattoon

Blaw-Knox CU, Mattoon

Central Illinois CU, Champaign

Champaign Municipal Employees CU, Champaign

Community Plus Federal CU, Rantoul

Education Personnel Federal CU, Danville

Landmark CU, Danville

MidWest America Federal CU, Fort Wayne, Ind.

New Horizon CU, Danville

Paris Hi-Way CU, Paris

Tee-Pak CU, Danville

4-star ("excellent")

Eight credit unions

Carle Employees Federal CU, Urbana

Champaign County School Employees CU, Champaign

Clifford-Jacobs Employees CU, Champaign

First Illinois CU, Danville

Lauhoff Employees CU, Danville

Quorum Federal CU, New York

University of Illinois Employees CU, Champaign

Urbana Municipal Employees CU, Urbana

3-star ("adequate")

Two credit unions

Danville Consolidated CU, Danville

Route 1 CU, Paris

Not rated

Eight credit unions

Canaan CU, Urbana

Champaign Postal CU, Champaign

CommonWealth Credit Union, Bourbonnais

Credit Union 1, Rantoul

Danville Bell CU, Danville

McMillen Master CU, Gibson City

MEA CU, Monticello

Urbana Postal CU, Urbana

Source: BauerFinancial

Sections (2):News, Business
Topics (1):Banking

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