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The information gathered about banks, credit unions and thrifts is updated as set forth in the Terms of Use of Safe & Sound Ratings and Reports.The Safe & Sound Ratings information is grouped by categories of banks, thrifts and credit unions.The "NR" is not an indication of financial strength or weakness.The Safe & Sound rating is believed to be reliable, but the information is not guaranteed.Overall, Bankrate believes that, as of December 31, 2017, PATELCO exhibited a good condition, earning 4 out of 5 stars for safety and soundness.Keep reading for an analysis of how the credit union faired on the three major criteria Bankrate used to score American credit unions.

A below-average ratio of problem assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.evaluates the financial condition of institutions and assigns a one- to five-star rating for each with five stars representing the highest rating.Institutions with satisfactory performance will generally receive a rating of three or more stars.A credit union with extensive holdings of these types of assets could eventually have to use capital to absorb losses, decreasing its equity buffer.It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, resulting in diminished earnings and potentially more risk of a future failure.

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