Safe and Sound

SAN FRANCISCO FIRE

SAN FRANCISCO, CA
4
Star Rating
SAN FRANCISCO FIRE is an NCUA-insured credit union started in 1959 and currently headquartered in SAN FRANCISCO, CA. As of June 30, 2017, the credit union held assets of $1.26 billion.

Thanks to the efforts of 154 full-time employees, the credit union holds loans and leases worth $889.6 million. SAN FRANCISCO FIRE's 66,269 members currently have $1.15 billion in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, SAN FRANCISCO FIRE exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for an analysis of how the credit union did on the three key criteria Bankrate used to score U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial resilience, capital is key. It acts as a buffer against losses and affords protection for members when a credit union is struggling financially. When looking at safety and soundness, the higher the capital, the better.

SAN FRANCISCO FIRE came in below the national average of 15.26 on our test to measure capital adequacy, scoring 8 out of a possible 30 points.

SAN FRANCISCO FIRE appears to be weaker than its peers in this area, with a capitalization ratio of 8.00 percent in our test, worse than the average for all credit unions.

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 loans.

A credit union with extensive holdings of these types of assets could eventually have to use capital to absorb losses, reducing its buffer of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, resulting in depressed earnings and potentially more risk of a failure in the future.

On Bankrate's test of asset quality, SAN FRANCISCO FIRE scored 36 out of a possible 40 points, failing to reach the national average of 38.15 points.

SAN FRANCISCO FIRE's ratio of problem assets was 7.00 percent in our test, the same as the national average.

Earnings score

A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or use them to address problematic loans, potentially making the credit union more resilient in times of trouble. Credit unions that are losing money, however, have less ability to do those things.

SAN FRANCISCO FIRE beat the national average on Bankrate's test of earnings, achieving a score of 20 out of a possible 30.

One sign that the credit union is running ahead of its peers in this area was its earnings ratio of 11.00 percent in our test, better 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.