Safe and Sound

CREDIT UNION FOR ROBERTSON COUNTY

SPRINGFIELD, TN
4
Star Rating
Founded in 1968, CREDIT UNION FOR ROBERTSON COUNTY is an NCUA-insured credit union based in SPRINGFIELD, TN. Regulatory filings show the credit union having assets of $52.3 million, as of December 31, 2017.

With 39 full-time employees, the credit union has amassed loans and leases worth $35.5 million. Its 8,627 members currently have $44.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, CREDIT UNION FOR ROBERTSON COUNTY exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's an analysis of how the credit union faired on the three major criteria Bankrate used to evaluate U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

Capital is a crucial measurement of an institution's financial strength. It acts as a buffer against losses and as protection for members when a credit union is experiencing economic instability. From a safety and soundness perspective, more capital is preferred.

CREDIT UNION FOR ROBERTSON COUNTY received a score of 14 out of a possible 30 points on our test to measure capital adequacy, failing to reach the national average of 15.65.

CREDIT UNION FOR ROBERTSON COUNTY's capitalization ratio of 14.00 percent in our test was lower than the average for all credit unions, suggesting that it could be less resilient in a crisis than its peers.

Asset Quality Score

Bankrate uses this test to determine the impact of problem assets, such as past-due loans, on the credit union's capitalization and allocated loan loss reserves.

Having lots of these kinds of assets means a credit union may have to use capital to cover losses, reducing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, diminishing earnings and elevating the risk of a failure in the future.

On Bankrate's asset quality test, CREDIT UNION FOR ROBERTSON COUNTY scored 36 out of a possible 40 points, falling short of the national average of 38.09 points.

Troubled assets made up 0.00 percent of CREDIT UNION FOR ROBERTSON COUNTY's total assets in our test, lower than the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital buffer, or put them to work addressing problematic loans, potentially making the credit union more resilient in tough times. Credit unions that are losing money, however, are less able to do those things.

CREDIT UNION FOR ROBERTSON COUNTY did above-average on Bankrate's test of earnings, achieving a score of 14 out of a possible 30.

The credit union had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, suggesting that it's doing better than 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.