Safe and Sound

COUNTY SCHOOLS

VENTURA, CA
2
Star Rating
Founded in 1960, COUNTY SCHOOLS is an NCUA-insured credit union based in VENTURA, CA. The credit union has assets of $57.3 million, according to December 31, 2017, regulatory filings.

With 19 full-time employees, the credit union holds loans and leases worth $45.5 million. COUNTY SCHOOLS's 5,997 members currently have $52.3 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, COUNTY SCHOOLS exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union did on the three major criteria Bankrate used to evaluate American credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and as protection for members during times of financial trouble for the credit union. It follows then that when it comes to measuring an an institution's financial fortitude, capital is important. When it comes to safety and soundness, the higher the capital, the better.

On our test to measure capital adequacy, COUNTY SCHOOLS received a score of 6 out of a possible 30 points, coming in below the national average of 15.65.

COUNTY SCHOOLS's capitalization ratio of 6.00 percent in our test was below the average for all credit unions, suggesting that it's on less solid financial footing than its peers.

Asset Quality Score

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

Having a large number of these kinds of assets could eventually require a credit union to use capital to absorb losses, reducing its buffer of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, decreasing earnings and increasing the risk of a future failure.

COUNTY SCHOOLS scored 36 out of a possible 40 points on Bankrate's test of asset quality, falling short of the national average of 38.09.

A below-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance has an effect on its long-term survivability. Earnings may be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, likely making the credit union more resilient in tough times. Losses, on the other hand, lessen a credit union's ability to do those things.

COUNTY SCHOOLS fell short of the national average on Bankrate's earnings test, achieving a score of 2 out of a possible 30.

One indication that COUNTY SCHOOLS is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, higher than 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.