Pursuant to my colloquy above with Shandril I am able finally to report as follows:
The NCUA Q2 2020 Quarterly Data Summary Report just dropped:
It took them forever to get this out
This VERY LATE release should trigger the “big three” evaluators of credit union financial health, Ken, Bauer, and Weiss, to move forward with their new CU ratings based on Q2 data.
Note this is ridiculously late. The new bank ratings, based on Q2 data, have been available for a couple of weeks!! The FDIC clearly was working while the NCUA slept. This is annoying for me personally because almost all of my money is on deposit with this or that credit union, and it is the CU ratings I need. Bank financial health ratings do not help me.
Anyway, the long delayed end of Q2 ratings will reveal to all of us impact of three full months of pandemic, April, May, and June. Such ratings are an important component of the decision matrix used to guide possible movement, whether voluntary or involuntary, of our CD funds.