Safe and Sound

VENTURA COUNTY

Ventura, CA
3
Star Rating
Ventura, CA-based VENTURA COUNTY is an NCUA-insured credit union started in 1950. As of June 30, 2017, the credit union had assets of $822.7 million.

Members have $587.9 million on deposit tended by 153 full-time employees. With that footprint, the credit union has amassed loans and leases worth $587.9 million. Its 78,440 members currently have $743.6 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, VENTURA COUNTY exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three important criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is an important measurement of an institution's financial fortitude. It acts as a cushion against losses and provides protection for members during times of financial instability for the credit union. When it comes to safety and soundness, the more capital, the better.

VENTURA COUNTY received a score of 8 out of a possible 30 points on our test to measure capital adequacy, coming in below the national average of 15.26.

VENTURA COUNTY appears to be weaker than its peers in this area, with a capitalization ratio of 8.00 percent in our test, below the average for all credit unions.

Asset Quality Score

Bankrate uses this test to determine the impact of troubled assets, such as past-due mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

A credit union with a large number of these types of assets could eventually be required to use capital to absorb losses, shrinking 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, diminishing earnings and increasing the risk of a future failure.

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

A lower-than-average ratio of problem assets of 6.00 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 making money affects its long-term survivability. Earnings can be retained by the credit union, expanding its capital buffer, or be used to address problematic loans, likely making the credit union better prepared to withstand economic trouble. Losses, on the other hand, reduce a credit union's ability to do those things.

VENTURA COUNTY underperformed the average on Bankrate's earnings test, achieving a score of 4 out of a possible 30.

VENTURA COUNTY had an earnings ratio of 1.00 percent in our test, equal to the average for all credit unions, a sign that it's right in line with 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.