Credit Union Regulatory Capital Ratio and Note Sales Indicator Data Displays in BankProspector

Hey, welcome to this week’s Weekly Q & A. This week we’ve got a question that says:

I noticed that for credit unions, the regular capital ratios (and I think what we mean is regulatory capital ratios) and note sales indicator percentages are not included in the credit union data points displayed on BankProspector consistent with banks. Though I understand that credit unions report their data differently from banks, why aren’t, however, the data elements I mentioned provided in BankProspector for credit unions? 

The answer is because credit unions report their assets differently. So when I log in, there’s our list of credit unions.

In the current version that you’re using right now, rather than give an exact number, depending on where the credit union is at, it will either say somewhere between critically undercapitalized, undercapitalized, well-capitalized, etc. 

They actually spell it out with words rather than giving you a precise number now. In terms of the other indicators, we’ve got things like loans held for sale, but because the data is a little bit different, we have to structure it differently here.

We’re continuously working on updates, and you’ll find that in our next version, we are really diving into that and exploring how better to present this information to you. It still says well-capitalized, undercapitalized, critically undercapitalized, etc., as those are the actual words provided by the credit unions. 

Then the rest of the numbers, like our allowance for loan and lease losses and our loans held for sale, etc., will continue to look like the same as they have for the time being. 

I hope that is helpful. Thank you very much for being a member. Thanks for jumping on this week’s Weekly Q & A.