Safe and Sound

BANK FUND STAFF

WASHINGTON, DC
5
Star Rating
BANK FUND STAFF is an NCUA-insured credit union founded in 1947 and currently headquartered in WASHINGTON, DC. The credit union has $4.79 billion in assets, according to December 31, 2017, regulatory filings.

Thanks to the work of 308 full-time employees, the credit union currently holds loans and leases worth $2.74 billion. BANK FUND STAFF's 87,058 members currently have $4.23 billion in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, BANK FUND STAFF exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union did on the three key criteria Bankrate used to grade U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial strength, capital is crucial. It works as a buffer against losses and affords protection for members when a credit union is experiencing economic instability. When it comes to safety and soundness, more capital is better.

BANK FUND STAFF came in below the national average of 15.65 on our test to measure the adequacy of a credit union's capital, scoring 14 out of a possible 30 points.

BANK FUND STAFF's capitalization ratio of 14.00 percent in our test was lower than the average for all credit unions, a sign that it could be less resilient in a crisis than its peers.

Asset Quality Score

Bankrate uses this test to determine 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 large numbers of these kinds of assets may eventually be forced to use capital to absorb losses, diminishing its equity cushion. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, resulting in depressed earnings and potentially more risk of a future failure.

BANK FUND STAFF scored above the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

BANK FUND STAFF's ratio of troubled assets was 0.00 percent in our test, less than the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's ability to earn money has an effect on its long-term survivability. Earnings may be retained by the credit union, expanding its capital buffer, or be used to deal with problematic loans, potentially making the credit union more resilient in tough times. Obviously, credit unions that are losing money are less able to do those things.

BANK FUND STAFF scored 16 out of a possible 30 on Bankrate's earnings test, exceeding the national average of 10.11.

BANK FUND STAFF had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, suggesting that it's beating 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.