Safe and Sound

ST. FRANCIS MEDICAL CENTER

Honolulu, HI
3
Star Rating
Honolulu, HI-based ST. FRANCIS MEDICAL CENTER is an NCUA-insured credit union started in 1954. As of June 30, 2017, the credit union had assets of $9.4 million.

Members have $6.4 million on deposit tended by 2 full-time employees. With that footprint, the credit union holds loans and leases worth $6.4 million. Its 1,179 members currently have $8.0 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, ST. FRANCIS MEDICAL CENTER exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Here's an analysis of how the credit union faired on the three important criteria Bankrate used to grade American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and affords protection for members when a credit union is struggling financially. Therefore, an institution's level of capital is an essential measurement of its financial resilience. From a safety and soundness perspective, more capital is better.

ST. FRANCIS MEDICAL CENTER achieved a score of 20 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, above the national average of 15.26.

ST. FRANCIS MEDICAL CENTER's capitalization ratio of 15.00 percent in our test was higher than the average for all credit unions, suggesting that it's stronger than its peers.

Asset Quality Score

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

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

ST. FRANCIS MEDICAL CENTER scored 16 out of a possible 40 points on Bankrate's test of asset quality, falling short of the national average of 38.15.

A higher-than-average ratio of problem assets of 51.00 percent in our test was something to keep an eye on for ST. FRANCIS MEDICAL CENTER.

Earnings score

A credit union's profitability has an effect on its long-term survivability. Earnings may be retained by the credit union, increasing its capital buffer, or be used to deal with problematic loans, potentially making the credit union better prepared to withstand economic shocks. Obviously, credit unions that are losing money are less able to do those things.

ST. FRANCIS MEDICAL CENTER beat the national average on Bankrate's earnings test, achieving a score of 12 out of a possible 30.

One sign that ST. FRANCIS MEDICAL CENTER is beating its peers in this area was its earnings ratio of 5.00 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.