THE INSTITUTION'S SCORE
Capital works as a buffer against losses and provides protection for members during times of financial trouble for the credit union. Therefore, when it comes to measuring an an institution's financial fortitude, capital is useful. From a safety and soundness perspective, the higher the capital, the better.
On our test to measure capital adequacy, NORTH COUNTY received a score of 8 out of a possible 30 points, falling short of the national average of 15.26.
NORTH COUNTY appears to be less well prepared for financial trouble than its peers in this area, with a capitalization ratio of 8.00 percent in our test, less than the average for all credit unions.