Call Report

A quarterly report that must be filed by all regulated financial institutions in the U.S. The Call Report collects such basic financial information as the institution's balance sheet and income statement.


The company’s statutory net worth through the most recent quarter available. Consumers may wish to limit the size of any policy so that the policyholder’s maximum potential claims do not exceed approximately 1% of the company’s capital. For example, when buying a policy from a company with capital of $10,000,000, the 1% limit would be $100,000.

Capitalization Index

A Weiss index that measures the adequacy of the institution’s capital resources to deal with potentially adverse business and economic situations that could arise. It is based on an evaluation of the company’s degree of leverage compared to total assets as well as risk-adjusted assets.

Cash And Equivalents

Funds in the form of cash, readily convertible deposits, securities and other instruments having maturities of less than 3 months at the time of purchase. It includes short term, highly liquid investments that are readily convertible into known amounts of cash and are near their maturity as well as cash on hand consisting of coins, currency, undeposited checks, money orders and drafts, and deposits in banks.

Charge-Offs to Avg. Loans

The ratio of foreclosed loans written off the institution’s books since the beginning of the year (less previous write-offs that were recovered) as a percentage of average loans for the year. This ratio answers the question: What percentage of the credit union’s past loans have actually become uncollectable? Past loan charge-off experience is often a very good indication of what can be expected in the future, and high loan charge-off levels are usually an indication of poor underwriting practices.




The city in which the institution’s headquarters or main office is located. With the adoption of intrastate and interstate branching laws, many institutions operating in your area may actually be headquartered elsewhere. So, don’t be surprised if the location cited is not in your particular city. Also use city to confirm that you have located the correct institution. It is possible for two unrelated institutions to have the same name if they are headquartered in different cities.

Company Name

Legal name of a firm, the title by which a formally organized or incorporated firm is known as a legal entity or artificial-person. Shown on the certificate of incorporation (firm's 'birth certificate'), it must be displayed clearly at the firm's legal or registered office, and disclosed on all formal documents such as agreements, checks, and official stationery. Also known as corporate name.

Core (Tier 1) Capital

A measurement of capital defined by the federal regulatory agencies for evaluating an institution’s degree of leverage.

Corporate Credit Union

A federal or state-chartered credit union that serves other credit unions, providing investment, short-term (liquidity) loans and other services to its member credit unions; they are sometimes refered to as “the credit union’s credit union.

Credit Committee

Optional internal committee of a credit union that considers applications for loans and lines of credit. In the event the credit union has delegated that authority to a loan officer, the credit committee ratifies the applications approved by the loan officer.

Credit Union (CU)

A not-for-profit financial cooperative chartered by the state or federal government and, in most cases, insured by the federal government. It is owned by the members of the credit union. The coopereative is tied to a commonality of interest (such as employer, association or community) that the members or groups of members share.

Credit Union National Association (CUNA)

A national trade association based in Washington, D.C. and Madison, Wisconson that serves credit unions.

Credit Union Service Organization (CUSO)

An organization owned wholly or in part by one or more credit unions to provide service to the credit unions, their members, or both.

Weiss Ratings