THE INSTITUTION'S SCORE
Capital acts as a cushion against losses and affords protection for members when a credit union is experiencing economic instability. It follows then that when it comes to measuring an an institution's financial resilience, capital is useful. From a safety and soundness perspective, more capital is better.
On our test to measure capital adequacy, FIRST PRIORITY scored 26 out of a possible 30 points, beating out the national average of 15.26.
FIRST PRIORITY had a capitalization ratio of 18.00 percent in our test, higher than the average for all credit unions, suggesting that it could be more resilient in a crisis than its peers.