Safe and Sound

CAPROCK SANTA FE

Slaton, TX
5
Star Rating
CAPROCK SANTA FE is a Slaton, TX-based, NCUA-insured credit union that opened its doors in 1954. The credit union holds assets of $42.4 million, according to June 30, 2017, regulatory filings.

Thanks to the efforts of 13 full-time employees, the credit union currently holds loans and leases worth $18.6 million. Its 4,748 members currently have $29.0 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, CAPROCK SANTA FE exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a breakdown of how the credit union did on the three major criteria Bankrate used to grade American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and provides protection for members when a credit union is experiencing financial instability. Therefore, an institution's level of capital is an important measurement of its financial fortitude. From a safety and soundness perspective, the more capital, the better.

On our test to measure capital adequacy, CAPROCK SANTA FE achieved a score of 30 out of a possible 30 points, beating the national average of 15.26.

CAPROCK SANTA FE appears to be more resilient than its peers, with a capitalization ratio of 31.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

This test is intended to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as past-due loans.

Having lots of these kinds of assets may eventually force a credit union to use capital to absorb losses, diminishing its equity cushion. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, pushing down earnings and increasing the chances of a future failure.

On Bankrate's test of asset quality, CAPROCK SANTA FE scored 40 out of a possible 40 points, exceeding the national average of 38.15 points.

A lower-than-average ratio of problem assets of 3.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's profitability affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital cushion, or be used to address problematic loans, potentially making the credit union more resilient in times of trouble. Conversely, losses lessen a credit union's ability to do those things.

CAPROCK SANTA FE scored 14 out of a possible 30 on Bankrate's earnings test, above the national average of 10.31.

One sign that the credit union is outperforming its peers in this area was its earnings ratio of 7.00 percent in our test, higher than the average for all credit unions.








WHAT IS SAFE & SOUND?

Bankrate.com's Safe & Sound Ratings provide a star rating system to evaluate the current financial status of financial institutions. 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.

Scoring methodology

Bankrate.com 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. The majority of institutions fall into the three- to four-star range. An institution with an "NR" rating may be too new to rate or may have limited the publicly available information in their regulatory filings. 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. In addition, events since the information was collected may have altered the institution's financial condition.