HOW HEALTHY IS THIS CREDIT UNION?
Rockford Municipal Employes
Financial details for Rockford Municipal Employes
Line item
Assets
Deposits
Loans
Loan loss provision
Profit
Capital
Reserves
Loans 90 days or more past due
Other real estate owned
Capital plus reserves
Total troubled assets
June 30, 2008
$11,845,495
$9,529,454
$7,107,798
$9,000
$70,982
$2,201,281
$70,372
$39,725
$0
$2,271,653
$39,725
June 30, 2009
$13,402,462
$11,084,685
$7,626,196
$6,500
$16,750
$2,279,025
$67,472
$54,331
$0
$2,346,497
$54,331
Note: The National Credit Union Administration insures credit union deposit accounts up to $250,000. The "troubled asset ratio" is not an NCUA statistic. It is derived by adding the amounts of loans past due 60 days or more and other real estate owned (primarily properties obtained through foreclosure) and dividing that amount by the credit union's capital and loan loss reserves. It is reported as a percentage. For example, a credit union with $100,000 in "troubled assets" and $1,000,000 in capital would have a "troubled asset ratio" of 10 percent. For a fuller explanation, see our methodology.
