Safe and Sound

COLUMBIA GREENE

HUDSON, NY
4
Star Rating
COLUMBIA GREENE is a HUDSON, NY-based, NCUA-insured credit union founded in 1974. As of December 31, 2017, the credit union had assets of $29.7 million.

Thanks to the efforts of 11 full-time employees, the credit union has amassed loans and leases worth $19.3 million. COLUMBIA GREENE's 4,359 members currently have $27.2 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, COLUMBIA GREENE 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 score U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial strength, capital is essential. It acts as a bulwark against losses and as protection for members when a credit union is experiencing economic instability. From a safety and soundness perspective, the more capital, the better.

On our test to measure the adequacy of a credit union's capital, COLUMBIA GREENE received a score of 6 out of a possible 30 points, coming in below the national average of 15.65.

COLUMBIA GREENE had a capitalization ratio of 6.00 percent in our test, less than the average for all credit unions, suggesting that it's less well prepared for financial trouble than its peers.

Asset Quality Score

This test's purpose is to try to understand how the credit union's capitalization and allocated loan loss reserves could be affected by troubled assets, such as past-due mortgages.

A credit union with large numbers of these kinds of assets may eventually be required to use capital to absorb losses, diminishing 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 interest for the credit union, resulting in depressed earnings and potentially more risk of a future failure.

COLUMBIA GREENE scored 40 out of a possible 40 points on Bankrate's asset quality test, beating the national average of 38.09.

Troubled assets made up 0.00 percent of the credit union's total assets in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

A credit union's earnings performance has an effect on its safety and soundness. Earnings may be retained by the credit union, expanding its capital buffer, or be used to address problematic loans, potentially making the credit union more resilient in tough times. Credit unions that are losing money, however, have less ability to do those things.

On Bankrate's earnings test, COLUMBIA GREENE scored 16 out of a possible 30, exceeding the national average of 10.11.

COLUMBIA GREENE had an earnings ratio of 0.00 percent in our test, better than 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.