Credit Unions report their REO and non-performing loan data similarly to how banks report their data but with a few small differences.
Review the Bank Records & Data page for a more in-depth description of how banks report REO and NPL information.
This page covers the differences in how Credit Union information is shown in BankProspector.
REO and Foreclosure Assets
Banks only report the total volume of REO while credit unions report not only the dollar volume but the number of REO assets that comprise that total.
For credit unions BankProspector shows you the number of assets in addition to the total amount of the assets which have been repossessed.
Credit Unions, instead of reporting their Capital Adequacy Ratio (green, yellow, and red indicators), will report if they are Well Capitalized, Capitalized, Under Capitalized, Severely Under Capitalized, Critically Under Capitalized.
- Well Capitalized – The credit union has more than enough cash on hand vs. their risk on the street
- Capitalized – The credit union has enough cash on hand vs. their risk on the street
- Under Capitalized – The credit union does not have enough cash on hand vs. their risk on the street
- Serverely Under Capitalized – The credit union is in a bad position in relation to their cash on hand vs. their risk on the street
- Critically Under Capitalized – The credit union cannot produce enough cash on hand vs. their risk on the street
Late and Non-Performing Loan Portfolio
Credit Unions report their late and non-performing loans by the total of all assets, total assets minus ALLL, their ALLL, and their provisions for loan and lease losses. You can review the information about ALLL in this User Guide article.
Credit Unions do not report payments as 30-89 days late, 90+ days late, or non-accrual.
They report late payments as:
- 1-2 months late
- 2-6 months late
- 6-12 months late
- 12+ months late