Safe and Sound

AGILITY FINANCIAL

MEMPHIS, TN
3
Star Rating
AGILITY FINANCIAL is a MEMPHIS, TN-based, NCUA-insured credit union dating back to 1940. Regulatory filings show the credit union having assets of $10.1 million, as of June 30, 2017.

With 2 full-time employees, the credit union has amassed loans and leases worth $3.3 million. Its 952 members currently have $9.1 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, AGILITY FINANCIAL exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Here's a breakdown 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

Capital works as a bulwark against losses and as protection for members during times of economic instability for the credit union. It follows then that when it comes to measuring an a credit union's financial resilience, capital is useful. When it comes to safety and soundness, more capital is better.

AGILITY FINANCIAL received a score of 8 out of a possible 30 points on our test to measure capital adequacy, below the national average of 15.26.

AGILITY FINANCIAL had a capitalization ratio of 9.00 percent in our test, less than the average for all credit unions, suggesting that it could have a harder time weathering financial trouble than its peers.

Asset Quality Score

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

A credit union with large numbers of these types of assets could eventually be forced 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 thus aren't earning money, resulting in lower earnings and potentially more risk of a failure in the future.

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

A lower-than-average ratio of problem assets of 4.00 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 affects its long-term survivability. Earnings may be retained by the credit union, increasing its capital cushion, or be used to deal with problematic loans, likely making the credit union more resilient in tough times. Obviously, credit unions that are losing money have less ability to do those things.

On Bankrate's test of earnings, AGILITY FINANCIAL scored 0 out of a possible 30, coming in below the national average of 10.31.

One sign that AGILITY FINANCIAL is performing behind its peers in this area was its earnings ratio of -37.00 percent in our test, below 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.