Safe and Sound

TRIANGLE

NASHUA, NH
4
Star Rating
NASHUA, NH-based TRIANGLE is an NCUA-insured credit union started in 1939. As of June 30, 2017, the credit union held assets of $654.4 million.

Members have $552.4 million on deposit tended by 147 full-time employees. With that footprint, the credit union currently holds loans and leases worth $552.4 million. TRIANGLE's 52,674 members currently have $537.1 million in shares with the credit union.

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

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THE INSTITUTION'S SCORE

Capital Score

Capital is a key measurement of an institution's financial fortitude. It acts as a cushion against losses and as protection for members when a credit union is experiencing financial trouble. When looking at safety and soundness, more capital is better.

On our test to measure the adequacy of a credit union's capital, TRIANGLE received a score of 6 out of a possible 30 points, coming in below the national average of 15.26.

TRIANGLE appears to be on less solid financial footing than its peers in this area, with a capitalization ratio of 7.00 percent in our test, below the average for all credit unions.

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 unpaid loans.

Having extensive holdings of these types of assets could eventually require a credit union to use capital to cover losses, reducing its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, diminishing earnings and elevating the chances of a future failure.

On Bankrate's test of asset quality, TRIANGLE scored 40 out of a possible 40 points, beating out the national average of 38.15 points.

Troubled assets made up 4.00 percent of the credit union's total assets in our test, less than the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

A credit union's ability to earn money has an effect on its safety and soundness. Earnings may be retained by the credit union, giving a boost to its capital buffer, or be used to address problematic loans, potentially making the credit union better prepared to withstand economic shocks. Losses, on the other hand, reduce a credit union's ability to do those things.

TRIANGLE received above-average marks on Bankrate's earnings test, achieving a score of 14 out of a possible 30.

One indication that the credit union is outperforming its peers in this area was its earnings ratio of 6.00 percent in our test, higher 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.