Safe and Sound

YOGAVILLE

Buckingham, VA
5
Star Rating
Founded in 1983, YOGAVILLE is an NCUA-insured credit union headquartered in Buckingham, VA. Regulatory filings show the credit union having $5.9 million in assets, as of June 30, 2017.

The credit union currently holds loans and leases worth $2.5 million. YOGAVILLE's 508 members currently have $4.9 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, YOGAVILLE exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three major criteria Bankrate used to evaluate American credit unions on safety and soundness.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial strength, capital is valuable. It acts as a buffer against losses and as protection for members during periods of economic instability for the credit union. When it comes to safety and soundness, the more capital, the better.

YOGAVILLE racked up 24 out of a possible 30 points on our test to measure capital adequacy, beating out the national average of 15.26.

YOGAVILLE had a capitalization ratio of 17.00 percent in our test, above the average for all credit unions, suggesting that it's on more solid financial footing than its peers.

Asset Quality Score

In this test, Bankrate tries to estimate the impact of troubled assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.

A credit union with a large number of these types of assets could eventually have to use capital to absorb losses, cutting down on its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, reducing earnings and increasing the risk of a future failure.

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

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

Earnings score

A credit union's profitability has an effect on its long-term survivability. Earnings may be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, potentially making the credit union more resilient in times of trouble. Losses, on the other hand, take away from a credit union's ability to do those things.

YOGAVILLE outperformed the average on Bankrate's test of earnings, achieving a score of 12 out of a possible 30.

One sign that YOGAVILLE is doing better than its peers in this area was its earnings ratio of 5.00 percent in our test, above 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.