Safe and Sound

BERYLCO EMPLOYEES'

Hamburg, PA
5
Star Rating
BERYLCO EMPLOYEES' is a Hamburg, PA-based, NCUA-insured credit union started in 1975. Regulatory filings show the credit union having $2.4 million in assets, as of December 31, 2017.

Its 260 members currently have $1.3 million in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $281,696.

Overall, Bankrate believes that, as of December 31, 2017, BERYLCO EMPLOYEES' exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a look at how the credit union faired on the three important criteria Bankrate used to grade U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

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

On our test to measure capital adequacy, BERYLCO EMPLOYEES' achieved a score of 30 out of a possible 30 points, better than the national average of 15.65.

BERYLCO EMPLOYEES''s capitalization ratio of 30.00 percent in our test was above the average for all credit unions, an indication that it's stronger than 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 loan loss reserves and overall capitalization.

A credit union with extensive holdings of these kinds of assets could eventually be forced to use capital to cover losses, shrinking its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, diminishing earnings and elevating the chances of a future failure.

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

Earnings score

A credit union's ability to earn money affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital buffer, or be used to address problematic loans, likely making the credit union better able to withstand financial shocks. Conversely, losses take away from a credit union's ability to do those things.

BERYLCO EMPLOYEES' did below-average on Bankrate's earnings test, achieving a score of 2 out of a possible 30.

BERYLCO EMPLOYEES' had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, an indication 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.