How's your credit union doing?
This chart shows the financial performance during the first quarter of 2009 of the 156 credit unions based in Minnesota. Search for your credit union using the search box.
Profits: Profits for the three months ended March 31, 2009.
Capital-to-assets ratio: A credit union's capital is the amount of money it has on hand to absorb loan losses and falling asset values. To be considered "adequately capitalized" by regulators, a credit union must maintain a capital-to-assets ratio of at least 6 percent. The average nationally is 9.7 percent.
Total Delinquent Loans: Includes all loans held by a credit union that are two months or more past due. High delinquencies spell trouble, because many delinquent loans are never repaid and must be written off as losses against profits.
Delinquent Loans/Assets: The percentage of delinquent loans (or loans more than two months past due) as a percentage of a credit union's total assets. The average for credit unions nationally was 0.95 percent as of March 31. A number of 3 percent or more is considered too high.