Safe and Sound

BENTON COUNTY SCHOOLS

Corvallis, OR
4
Star Rating
BENTON COUNTY SCHOOLS is an NCUA-insured credit union founded in 1953 and currently headquartered in Corvallis, OR. Regulatory filings show the credit union having assets of $50.7 million, as of December 31, 2017.

Thanks to the work of 9 full-time employees, the credit union has amassed loans and leases worth $25.3 million. Its 2,247 members currently have $46.6 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, BENTON COUNTY SCHOOLS exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three important criteria Bankrate used to grade American credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial strength, capital is valuable. It acts as a bulwark against losses and affords protection for members when a credit union is struggling financially. From a safety and soundness perspective, more capital is better.

BENTON COUNTY SCHOOLS finished below the national average of 15.65 on our test to measure capital adequacy, scoring 6 out of a possible 30 points.

BENTON COUNTY SCHOOLS's capitalization ratio of 6.00 percent in our test was worse than the average for all credit unions, suggesting that it could be less resilient in a crisis than its peers.

Asset Quality Score

In this test, Bankrate tries to estimate the effect of troubled assets, such as unpaid loans, on the credit union's loan loss reserves and overall capitalization.

A credit union with a large number of these kinds of assets may eventually have to use capital to absorb losses, shrinking its equity buffer. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in reduced earnings and potentially more risk of a future failure.

BENTON COUNTY SCHOOLS exceeded the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

BENTON COUNTY SCHOOLS's ratio of troubled assets was 0.00 percent in our test, less than the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital buffer, or be used to address problematic loans, potentially making the credit union better able to withstand financial shocks. Conversely, losses lessen a credit union's ability to do those things.

BENTON COUNTY SCHOOLS scored 10 out of a possible 30 on Bankrate's test of earnings, falling short of the national average of 10.11.

BENTON COUNTY SCHOOLS 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.