Tools
Credit union health check: five tests on one filing
Independent site, not the NCUA, a credit union or a bank. General information, not financial advice.
Choose a state and a credit union. Five yes-or-no tests, each with the figure behind it. This is our reading, not a federal rating.
Is my credit union insured, and how does its filing read?
Boeing Employees Credit Union: federal share insurance
Federally insured
Our data checks passed: 5 of 5
- Yes: Federally insuredState charter, federally insured
- Yes: Net worth ratio of 7% or more12.57%: well capitalized on this ratio
- Yes: Delinquency at or under the size-group median0.42% against 0.68% for assets of $500 million or more
- Yes: Positive earnings this year$172,233,288 a year at the year-to-date pace, 0.58% of assets
- Yes: Members not falling over 12 months+3.34% since 2025-06-30, mergers included
NCUA Call Report, June 30, 2026. Our checks, not an NCUA rating, and not advice. Confirm insurance in the NCUA Credit Union Locator. Everything you enter stays in this browser: nothing is sent or stored.
A credit union’s health is mostly visible in what it files with the National Credit Union Administration each quarter, and the tool above reads that filing for any of the 4,299 institutions in the file of June 30, 2026. It runs five tests we wrote ourselves: federal share insurance, a net worth ratio of 7% or more, delinquency at or under the median for its size group, positive earnings this year, and members not falling over twelve months. Passing all five does not mean the NCUA has approved the credit union, and failing one does not mean it is in trouble. Examiners give credit unions supervisory ratings, which are not in the public file, so nothing here should be read as one. These are questions to ask, shown with the number that raised them.
Work out a net worth ratio
Net worth ratio
10.91%
| Category on this ratio | Well capitalized |
| All federally insured | 11.42% |
| Room above 7% | $4,300,000 |
Over $500 million in assets, a risk-based test also applies. New credit unions have a separate scale.
Filings read by Radif Partners · Editorial policy · Method and sources
The five tests, and the reason for each
- Federally insured. Federal credit unions and most state-chartered ones carry federal share insurance, up to $250,000 per owner, per credit union, per ownership category. A small group of state charters does not, and that is the first thing to know before you deposit.
- Net worth ratio of 7% or more. Under 12 CFR 702.102, 7% is the line for well capitalized on this ratio alone. Credit unions with more than $500 million in assets face a risk-based test too, which this file reading does not recompute, and new credit unions have a separate scale.
- Delinquency at or under the size-group median. Our medians, built from the same file, compare loans two months or more late with those of credit unions of similar size.
- Positive earnings this year. Net income is reported year to date. A loss eats into net worth, one quarter after another if it lasts.
- Members not falling over twelve months. We compare the same charter a year apart, and members a charter took over count as its own. A charter with no earlier filing gets no mark on this test.
How the file scores
Most credit unions pass most tests, though few pass them all. The table counts every filer based in the 50 states and DC. It uses the tests as written, so a state charter without federal insurance starts one short.
| Tests passed | Credit unions |
|---|---|
| 5 of 5 | 875 |
| 4 of 5 | 1,904 |
| 3 of 5 | 1,226 |
| 2 of 5 | 261 |
| 1 of 5 | 22 |
| 0 of 5 | 0 |
Taken one at a time, 51 federally insured filers report a net worth ratio under 7% and 2,347 report fewer members than a year ago, the most common failed test by far. Membership falling is a long trend for smaller filers, as the fall in the number of credit unions on the state table suggests.
What to ask if a test fails
If net worth is below 7%, ask what plan the credit union has to build it and whether a net worth restoration plan applies. The NCUA’s prompt corrective action questions explain what the rule requires at each level. If delinquency is high, ask which loans are behind and whether the credit union has reserved for them. If earnings are negative, ask whether the loss is a one-off. A credit union is owned by its members, and it should be able to answer them plainly. Your insured shares stay insured up to the limit, whatever the answer. Work out your coverage if your balance is large.