Re: Self help crfedit union
Just for fun, I had a look at the most recent reglatory financials for Self Help. They are small ($100 something million in assets) and they appear to make fairly risky loans, since almost 5% of the loan book is delinquent. However, when loans do go bad, they are able to collect most of what they are owed, with a net charge off to assets ratio of less than 1/2%. To compensate for the riskiness of their loans, they have a lot of capital (22% of assets at 6/30).
Self Help looks reasonably safe. They probably are marginally riskier than someone like Pen Fed, but they appear to know their business and make a fair amount of money, considering they are a non-profit. Probably a reasonable place to put your money, assuming you get good rates and don't go over the deposit insurance limit.
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."
- Will Rogers