| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 967.1 | | CADSYS::RITCHIE | Elaine Kokernak Ritchie, 225-4199 | Fri Jan 26 1996 12:48 | 20 |
| First, this is a question you should really ask of the Info Center. There are
no DCU employees who read this file, and they are the folks with the answers to
the nitty gritty questions about DCU.
Second, I'm not quite sure how to answer your question. DCU is not rated by
Bauer Financial Reports (that I know of). But according to your description of
a 4-star rating:
>> The 4-Star Rating signifies that regulatory
>> capital exceeded 6.0% of assets and that delinquent loans and
>> repossessed assets were minimal and manageable.
We are as good if not better than this rating. DCU ended 1995 with a
(much-loved) capital ratio of over 8%. Loan delinquencies are running about
.25% to .30%, which is a fraction of the national average, and there were no
repossessed assets.
Hope this helps.
Elaine
|
| 967.2 | Where do we stand today? | STAR::BUDA | I am the NRA | Tue Jan 30 1996 13:48 | 15 |
|
RE: Note 967.1 by CADSYS::RITCHIE
>We are as good if not better than this rating. DCU ended 1995 with a
>(much-loved) capital ratio of over 8%.
In the past we had bean counters who lived and diead by this number.
9%+ seemed to be the goal.
Where do we stand on this today? Have we reached the 'GOAL'?
IMHO, in the past we spent too much time worrying about the holy grail
number and not enough time about overall service/attitude.
-mark
|
| 967.3 | | WRKSYS::SEILER | Larry Seiler | Tue Jan 30 1996 22:21 | 15 |
| > Where do we stand on this today? Have we reached the 'GOAL'?
The NCUA sets goals for capital ratio, among other things, which
appear to be a moving target. So as it turns out, there isn't a
single "goal" that we can reach and then forget about it.
> IMHO, in the past we spent too much time worrying about the holy grail
> number and not enough time about overall service/attitude.
I don't think this is a problem any more! The capital ratio has
been steadily improving, as has (IMO) member service/member services.
This is a rewarding time to be a DCU volunteer.
Enjoy,
Larry
|
| 967.4 | Captial ratio | SLOAN::HOM | | Wed Jan 31 1996 08:13 | 8 |
| The $1M bonus dividend reduced the capital ratio. The lower
number will show up in the January ending financials.
The Credit Union (and Board) felt that benefits and services
to the membership are more important that achieving an absolute
number.
Gim
|