One credit union gets downgraded in rating

One credit union gets downgraded in rating

One area credit union was downgraded in BauerFinancial's latest ratings, based on regulatory data from Sept. 30.

Lauhoff Employees Credit Union in Danville, which had been rated 5-star ("superior") in the previous quarter's ratings, was downgraded to 4-star ("excellent") in the latest ratings.

The other 19 area credit unions rated by BauerFinancial retained their ratings from the quarter that ended June 30.

Eight 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.

One credit union has disappeared from the list. Danville Consolidated Credit Union merged into the much larger Landmark Credit Union on Sept. 3.

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.

Area credit-union ratings for third quarter 2013

Here are BauerFinancial's ratings for credit unions with offices in East Central Illinois, based on data from the quarter that ended Sept. 30:

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, Purchase, N.Y.

— University of Illinois Employees CU, Champaign

— Urbana Municipal Employees CU, Urbana

3-star ("adequate")

One credit union

— 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

Sections (2):News, Business
Topics (1):Credit Unions

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