Safe and Sound

PRINTING INDUSTRIES CREDIT UNION

RIVERSIDE, CA
4
Star Rating
PRINTING INDUSTRIES CREDIT UNION is a RIVERSIDE, CA-based, NCUA-insured credit union started in 1957. As of June 30, 2017, the credit union held assets of $24.2 million.

Members have $22.2 million on deposit tended by 8 full-time employees. With that footprint, the credit union currently holds loans and leases worth $22.2 million. Its 4,641 members currently have $21.9 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, PRINTING INDUSTRIES CREDIT UNION exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's an analysis of how the credit union faired on the three key criteria Bankrate used to grade U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial resilience, capital is key. It acts as a bulwark against losses and as protection for members when a credit union is struggling financially. When it comes to safety and soundness, more capital is better.

PRINTING INDUSTRIES CREDIT UNION finished below the national average of 15.26 on our test to measure the adequacy of a credit union's capital, achieving a score of 8 out of a possible 30 points.

PRINTING INDUSTRIES CREDIT UNION's capitalization ratio of 8.00 percent in our test was worse than the average for all credit unions, an indication that it could be less resilient in a crisis than its peers.

Asset Quality Score

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

Having lots of these types of assets may eventually force a credit union to use capital to cover losses, shrinking its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, decreasing earnings and increasing the risk of a failure in the future.

On Bankrate's test of asset quality, PRINTING INDUSTRIES CREDIT UNION scored 36 out of a possible 40 points, lower than the national average of 38.15 points.

A greater-than-average ratio of troubled assets of 14.00 percent in our test was something to keep an eye on for PRINTING INDUSTRIES CREDIT UNION.

Earnings score

A credit union's earnings performance has an effect on 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 able to withstand economic trouble. Losses, on the other hand, lessen a credit union's ability to do those things.

PRINTING INDUSTRIES CREDIT UNION scored 20 out of a possible 30 on Bankrate's earnings test, exceeding the national average of 10.31.

PRINTING INDUSTRIES CREDIT UNION had an earnings ratio of 12.00 percent in our test, higher than the average for all credit unions, an indication that it's outperforming 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.