2 credit unions downgraded in latest ratings

2 credit unions downgraded in latest ratings

Two area credit unions were downgraded in the latest evaluation by BauerFinancial, based on regulatory data from the quarter ending March 31, 2015.

Champaign Municipal Employees Credit Union, Champaign, and New Horizon Credit Union, Danville, were rated 4-star ("excellent"), down from 5-star ("superior") in the preceding quarter.

Eighteen other area credit unions rated by BauerFinancial retained the ratings they had for the quarter that ended Dec. 31, 2014.

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


5-star ('superior')

Eight credit unions

Area Educational CU, Mattoon.

Central Illinois CU, Champaign.

Clifford-Jacobs Employees CU, Champaign.

Education PersonnelFederal CU, Danville.

Landmark CU, Danville.

MidWest America Federal CU, Fort Wayne, Ind.

Paris Hi-Way CU.

Tee-Pak CU, Danville.

4-star ('excellent')

11 credit unions

Blaw-Knox CU, Mattoon.

Carle Employees Federal CU, Urbana.

Champaign County School Employees CU, Champaign.

Champaign Municipal Employees CU.

Community Plus Federal CU, Rantoul.

First Illinois CU, Danville.

Lauhoff Employees CU, Danville.

New Horizon CU, Danville.

Quorum Federal CU, Purchase, N.Y.

University of Illinois Employees CU, Champaign.

Urbana Municipal Employees CU.

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.

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