THE INSTITUTION'S SCORE
Capital works as a bulwark against losses and provides protection for members during times of economic trouble for the credit union. Therefore, when it comes to measuring an a credit union's financial strength, capital is important. When it comes to safety and soundness, more capital is preferred.
On our test to measure the adequacy of a credit union's capital, CHARTER OAK received a score of 10 out of a possible 30 points, failing to reach the national average of 15.65.
CHARTER OAK had a capitalization ratio of 10.00 percent in our test, less than the average for all credit unions, suggesting that it's on less solid financial footing than its peers.