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:
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
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
Two credit unions
Danville Consolidated CU, Danville
Route 1 CU, Paris
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