Safe and Sound

JACKSON COUNTY TEACHERS

MARIANNA, FL
5
Star Rating
Founded in 1991, JACKSON COUNTY TEACHERS is an NCUA-insured credit union based in MARIANNA, FL. The credit union holds assets of $27.7 million, according to June 30, 2017, regulatory filings.

With 9 full-time employees, the credit union currently holds loans and leases worth $14.5 million. Its 3,216 members currently have $21.6 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, JACKSON COUNTY TEACHERS exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a look at how the credit union faired on the three major criteria Bankrate used to evaluate American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and provides protection for members during times of economic trouble for the credit union. It follows then that a credit union's level of capital is a key measurement of its financial strength. From a safety and soundness perspective, more capital is better.

On our test to measure capital adequacy, JACKSON COUNTY TEACHERS racked up 30 out of a possible 30 points, exceeding the national average of 15.26.

JACKSON COUNTY TEACHERS appears to be more resilient than its peers, with a capitalization ratio of 22.00 percent in our test, above the average for all credit unions.

Asset Quality Score

Bankrate uses this test to estimate the impact of problem assets, such as unpaid loans, on the credit union's loan loss reserves and overall capitalization.

Having large numbers of these types of assets may eventually require a credit union to use capital to cover losses, diminishing its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, resulting in lower earnings and potentially more risk of a future failure.

JACKSON COUNTY TEACHERS did better than the national average of 38.15 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

Troubled assets made up 3.00 percent of the credit union's total assets in our test, beneath the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's ability to earn money affects its safety and soundness. A credit union can retain its earnings, expanding its capital buffer, or use them to address problematic loans, likely making the credit union better prepared to withstand financial shocks. Obviously, credit unions that are losing money have less ability to do those things.

JACKSON COUNTY TEACHERS scored 18 out of a possible 30 on Bankrate's earnings test, beating the national average of 10.31.

JACKSON COUNTY TEACHERS had an earnings ratio of 9.00 percent in our test, above the average for all credit unions, suggesting that it's running ahead of its peers in this area.

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.