The National Credit Union Administration (NCUA) has published financial statistics for credit unions using the most recently available data as of September 30th. Below is a summary of the four most important financial statistics for our credit union.
Capital Adequacy - With a percentile ranking of 96 (100 being the best) we are among the highest/best capitalized credit unions. Capital or reserves is the key indicator of financial stability.
Loan Quality - With no delinquent loans, we are ranked the best in this category. Loan or asset quality is a very important indicator of a credit union’s “safety and soundness” and another measure of financial stability.
Earnings - Our earnings level is a little above average for all credit unions but a little below average for small credit unions. The main focus of a credit union is not earnings or profit since we are a not-for-profit business.
Liquidity - Our percentile ranking in this category is 93, which again is among the highest /best rating. Liquidity is a measure of the cash available to sustain daily operations.
Overall we believe we are very fortunate to have such outstanding financial statistics. These government statistics prove our operational and lending programs have been well maintained to provide financial success and stability for our organization while providing financial services to members.
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