Safe and Sound

DAYTON FIREFIGHTERS

DAYTON, OH
4
Star Rating
DAYTON FIREFIGHTERS is an NCUA-insured credit union started in 1935 and currently headquartered in DAYTON, OH. As of December 31, 2017, the credit union held assets of $58.2 million.

Members have $38.0 million on deposit tended by 10 full-time employees. With that footprint, the credit union currently holds loans and leases worth $38.0 million. DAYTON FIREFIGHTERS's 4,477 members currently have $50.3 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, DAYTON FIREFIGHTERS exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a look at how the credit union faired on the three key criteria Bankrate used to score American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial stability, capital is valuable. It acts as a buffer against losses and provides protection for members when a credit union is experiencing economic trouble. When it comes to safety and soundness, more capital is preferred.

DAYTON FIREFIGHTERS received a score of 12 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, failing to reach the national average of 15.65.

DAYTON FIREFIGHTERS appears to be less well prepared for financial trouble than its peers in this area, with a capitalization ratio of 12.00 percent in our test, lower than the average for all credit unions.

Asset Quality Score

This test is intended to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as past-due loans.

A credit union with lots of these kinds of assets may eventually be required to use capital to cover losses, shrinking 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 reduced earnings and potentially more risk of a failure in the future.

DAYTON FIREFIGHTERS scored 40 out of a possible 40 points on Bankrate's asset quality test, above the national average of 38.09.

Troubled assets made up 0.00 percent of DAYTON FIREFIGHTERS's total assets in our test, beneath the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's earnings performance affects its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital buffer, or be used to deal with problematic loans, potentially making the credit union better able to withstand economic shocks. Losses, on the other hand, diminish a credit union's ability to do those things.

DAYTON FIREFIGHTERS received below-average marks on Bankrate's test of earnings, achieving a score of 10 out of a possible 30.

One indication that DAYTON FIREFIGHTERS 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.