Safe and Sound

BALTIMORE COUNTY EMPLOYEES

Towson, MD
4
Star Rating
Founded in 1963, BALTIMORE COUNTY EMPLOYEES is an NCUA-insured credit union based in Towson, MD. As of December 31, 2017, the credit union had assets of $378.6 million.

Members have $182.1 million on deposit tended by 53 full-time employees. With that footprint, the credit union has amassed loans and leases worth $182.1 million. Its 28,339 members currently have $344.3 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, BALTIMORE COUNTY EMPLOYEES exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three important criteria Bankrate used to grade American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and affords protection for members when a credit union is struggling financially. Therefore, when it comes to measuring an an institution's financial resilience, capital is useful. When looking at safety and soundness, more capital is preferred.

BALTIMORE COUNTY EMPLOYEES fell short of the national average of 15.65 on our test to measure the adequacy of a credit union's capital, receiving a score of 8 out of a possible 30 points.

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

Asset Quality Score

This test is intended to estimate how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by problem assets, such as past-due loans.

Having large numbers of these kinds of assets means a credit union could eventually have to use capital to absorb losses, shrinking its cushion of equity. 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, diminishing earnings and increasing the chances of a future failure.

On Bankrate's asset quality test, BALTIMORE COUNTY EMPLOYEES scored 40 out of a possible 40 points, better than the national average of 38.09 points.

BALTIMORE COUNTY EMPLOYEES's ratio of troubled assets was 0.00 percent in our test, below the national average and suggestive of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at making money affects its safety and soundness. Earnings may be retained by the credit union, expanding its capital cushion, or be used to address problematic loans, potentially making the credit union more resilient in times of trouble. Conversely, losses lessen a credit union's ability to do those things.

BALTIMORE COUNTY EMPLOYEES scored 8 out of a possible 30 on Bankrate's earnings test, lower than the national average of 10.11.

One indication that BALTIMORE COUNTY EMPLOYEES is beating its peers in this area was its earnings ratio of 0.00 percent in our test, better 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.