Safe and Sound

CAPROCK SANTA FE

Slaton, TX
5
Star Rating
SLATON, TX-based CAPROCK SANTA FE is an NCUA-insured credit union started in 1954. As of December 31, 2017, the credit union held assets of $40.6 million.

Members have $17.9 million on deposit tended by 13 full-time employees. With that footprint, the credit union currently holds loans and leases worth $17.9 million. CAPROCK SANTA FE's 4,771 members currently have $26.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, CAPROCK SANTA FE exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a look at how the credit union faired on the three key criteria Bankrate used to evaluate U.S. credit unions on safety and soundness.

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SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and as protection for members when a credit union is experiencing economic instability. It follows then that when it comes to measuring an an institution's financial stability, capital is essential. When looking at safety and soundness, the more capital, the better.

CAPROCK SANTA FE beat out the national average of 15.65 points on our test to measure capital adequacy, scoring 30 out of a possible 30 points.

CAPROCK SANTA FE appears to be on more solid financial footing than its peers, with a capitalization ratio of 30.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

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

Having lots of these types of assets means a credit union may eventually have to use capital to absorb losses, decreasing its buffer 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 future failure.

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

A lower-than-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.

Earnings score

A credit union's ability to earn money affects its safety and soundness. A credit union can retain its earnings, boosting its capital cushion, or put them to work addressing problematic loans, potentially making the credit union better able to withstand financial shocks. Losses, on the other hand, take away from a credit union's ability to do those things.

CAPROCK SANTA FE scored 12 out of a possible 30 on Bankrate's test of earnings, beating the national average of 10.11.

One sign that CAPROCK SANTA FE is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, above 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.