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Q2 2023 Bank And Credit Union Health Ratings Scorecard

Kaight
  |     |   1,192 posts since 2011

Q2 2023 health ratings have begun to emerge from the "big three" providers: Ken, Bauer, Weiss:

At this writing, both Bauer and Weiss are up with their Q2 2023 bank health ratings.

None of the providers has as yet posted Q2 2023 credit union health ratings. This is customary as it usually takes a little longer for the credit union health ratings to become known.

Stay tuned. More Q2 2023 health ratings should be appearing shortly, within the next week or two.

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11


Kaight
  |     |   1,192 posts since 2011
DEVELOPMENTS:

Ken has now updated both his bank and, more importantly, his credit union health ratings to reflect Q2 2023 data.

Bauer and Weiss continue to lag on their credit union ratings.

But no need to travel to learn the latest regarding your credit union's health. It's all right here at depositaccounts.com.
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5
Kaight
  |     |   1,192 posts since 2011
The latest:

Bauer is now offering updated  star ratings for credit unions which reflect Q2 2023 data.
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2
Kaight
  |     |   1,192 posts since 2011
Apology and explanation:

I have not abandoned this thread and I apologize to anyone who has or had that thought. This was supposed to be a routine, even boring, matter with no drama anticipated. The ratings emerge and we move on . . . . was my thinking, "was" being the operative word there. Wrong.

Today, September 30, is the final day of the third quarter. Weiss Ratings continues NOT to have released their Q2 2023 ratings for credit unions. I have no explanation for this. Ken and Bauer made known their Q2 2023 credit union evaluations weeks ago!!

Let's hope Weiss Research gets off the schneid and finishes posting their ratings soon.
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4
Kaight
  |     |   1,192 posts since 2011
There is stuff going on over at Weiss Research regarding their credit union ratings. I'm not certain what's happening.

At first glance the Weiss ratings for credit unions, in every instance, are displaying the old Q1 2023 (March 31) banner. But:

If you look deeper into whichever rating you care about, and click on history, chances are you're going to see a rating for Q2 2023.

To take one example, for NFCU Weiss is showing ratings of both B+ and B, the latter appearing in history for Q2 2023. I hope NFCU, too large to fail with traditionally an A rating at Weiss, has not descended to B.

This is to say nothing of PenFed which has fallen from B+ to C for goodness sake!

Perhaps some of this stuff will become clearer in the fullness of time. I hope so.
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