NCUA Q1 2023 Call Reports Have Become Available

Kaight | May 26, 2023 | 1,192 posts since 2011

You can check out your credit union by starting here:

https://mapping.ncua.gov/ResearchCreditUnion

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txFish1 | May 26, 2023 | 479 posts since 2023

Thanks for this. I just looked my 2 main CU's that I use and looking good through 03/2023
Thanks again for posting this

senda | May 27, 2023 | 126 posts since 2015

Thanks for posting. Don't know how to interpret it though... :)
Is there a shortcut or one or two areas to look at to check a CU's health?

Kaight | May 28, 2023 | 1,192 posts since 2011

I'm with you. I do not have the skills or knowledge it takes to be able to evaluate all that data. What I do instead is await posting of ratings from the big three services, Ken, Bauer, and Weiss. Those ratings for Q1 2023 should begin to become available in (very roughly) two weeks, perhaps three or four weeks for Weiss. There is one exception:

The NCUA call reports clearly disclose the total of insured and the total of uninsured deposits for a given institution. This allows you to compute the percentage uninsured deposits are within the overall total. You want that percentage to be as small as possible. Too large a percentage of uninsured deposits can precipitate, under exigent circumstances, a run on the credit union, thereby enhancing likelihood of collapse.

Opinions on this will vary. But my personal yardstick calls for uninsured deposits to be no more than 10% of the total, else I commence worrying.

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