Safe and Sound

STANDARD REGISTER

DAYTON, OH
4
Star Rating
STANDARD REGISTER is a DAYTON, OH-based, NCUA-insured credit union that opened its doors in 1936. Regulatory filings show the credit union having $39.6 million in assets, as of June 30, 2017.

With 13 full-time employees, the credit union holds loans and leases worth $23.8 million. Its 3,927 members currently have $32.0 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, STANDARD REGISTER exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's a breakdown of how the credit union did on the three important criteria Bankrate used to evaluate U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a bulwark against losses and provides protection for members when a credit union is struggling financially. Therefore, when it comes to measuring an an institution's financial strength, capital is essential. When it comes to safety and soundness, the higher the capital, the better.

STANDARD REGISTER racked up 28 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.

STANDARD REGISTER appears to be stronger than its peers, with a capitalization ratio of 19.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

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

Having extensive holdings of these kinds of assets could eventually force a credit union to use capital to cover losses, decreasing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, diminishing earnings and increasing the chances of a failure in the future.

STANDARD REGISTER beat out the national average of 38.15 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

A lower-than-average ratio of troubled assets of 2.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its safety and soundness. A credit union can retain its earnings, increasing its capital buffer, or put them to work addressing problematic loans, potentially making the credit union more resilient in tough times. Losses, on the other hand, reduce a credit union's ability to do those things.

STANDARD REGISTER fell short of the national average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.

STANDARD REGISTER had an earnings ratio of -3.00 percent in our test, below the average for all credit unions, an indication that it's lagging behind 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.