Safe and Sound

BAPTIST HEALTH SOUTH FLORIDA

Miami, FL
5
Star Rating
Started in 1961, BAPTIST HEALTH SOUTH FLORIDA is an NCUA-insured credit union based in Miami, FL. Regulatory filings show the credit union having assets of $62.3 million, as of December 31, 2017.

With 23 full-time employees, the credit union holds loans and leases worth $41.9 million. BAPTIST HEALTH SOUTH FLORIDA's 11,840 members currently have $53.4 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, BAPTIST HEALTH SOUTH FLORIDA exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three important criteria Bankrate used to evaluate American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital is a useful measurement of a credit union's financial resilience. It acts as a buffer against losses and as protection for members during periods of economic instability for the credit union. When looking at safety and soundness, the higher the capital, the better.

BAPTIST HEALTH SOUTH FLORIDA achieved a score of 16 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.65.

BAPTIST HEALTH SOUTH FLORIDA had a capitalization ratio of 16.00 percent in our test, the same as the average for all credit unions, suggesting that it's running neck and neck with its peers.

Asset Quality Score

In this test, Bankrate tries to determine the impact of problem assets, such as unpaid loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

Having extensive holdings of these kinds of assets may eventually require a credit union to use capital to cover losses, reducing 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 money, resulting in depressed earnings and potentially more risk of a failure in the future.

On Bankrate's asset quality test, BAPTIST HEALTH SOUTH FLORIDA scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.

A lower-than-average ratio of troubled assets of 0.00 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 making money has an effect on its long-term survivability. Earnings can be retained by the credit union, boosting its capital cushion, or be used to address problematic loans, likely making the credit union more resilient in tough times. Conversely, losses lessen a credit union's ability to do those things.

On Bankrate's earnings test, BAPTIST HEALTH SOUTH FLORIDA scored 20 out of a possible 30, better than the national average of 10.11.

The credit union had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, an indication that it's doing better than 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.