Safe and Sound

ADVANTAGE PLUS

POCATELLO, ID
3
Star Rating
ADVANTAGE PLUS is an NCUA-insured credit union founded in 1953 and currently based in POCATELLO, ID. The credit union has assets of $137.2 million, according to December 31, 2017, regulatory filings.

With 62 full-time employees, the credit union holds loans and leases worth $104.3 million. Its 15,942 members currently have $121.9 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, ADVANTAGE PLUS exhibited a generally satisfactory condition, earning 3 out of 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.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial stability, capital is crucial. It works as a bulwark against losses and as protection for members when a credit union is struggling financially. From a safety and soundness perspective, the higher the capital, the better.

On our test to measure the adequacy of a credit union's capital, ADVANTAGE PLUS received a score of 8 out of a possible 30 points, below the national average of 15.65.

ADVANTAGE PLUS's capitalization ratio of 8.00 percent in our test was below the average for all credit unions, suggesting that it's on less solid financial footing than its peers.

Asset Quality Score

This test's purpose is to estimate how the credit union's capitalization and allocated loan loss reserves could be affected by problem assets, such as unpaid loans.

A credit union with a large number of these kinds of assets could eventually be forced to use capital to absorb losses, diminishing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in depressed earnings and potentially more risk of a future failure.

On Bankrate's asset quality test, ADVANTAGE PLUS scored 28 out of a possible 40 points, less than the national average of 38.09 points.

Troubled assets made up 0.00 percent of ADVANTAGE PLUS's total assets in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at earning money affects 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. Conversely, losses lessen a credit union's ability to do those things.

ADVANTAGE PLUS scored 16 out of a possible 30 on Bankrate's test of earnings, beating the national average of 10.11.

One sign that ADVANTAGE PLUS is outperforming its peers in this area was its earnings ratio of 0.00 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.