Safe and Sound

EAGLE LOUISIANA

Baton Rouge, LA
4
Star Rating
EAGLE LOUISIANA is a BATON ROUGE, LA-based, NCUA-insured credit union founded in 1942. The credit union has assets of $108.9 million, according to December 31, 2017, regulatory filings.

Thanks to the efforts of 49 full-time employees, the credit union has amassed loans and leases worth $91.8 million. EAGLE LOUISIANA's 13,342 members currently have $97.1 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, EAGLE LOUISIANA exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's a look at how the credit union did on the three key criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital is an essential measurement of a credit union's financial strength. It works as a buffer against losses and provides protection for members when a credit union is experiencing economic instability. From a safety and soundness perspective, the higher the capital, the better.

EAGLE LOUISIANA received a score of 14 out of a possible 30 points on our test to measure capital adequacy, falling short of the national average of 15.65.

EAGLE LOUISIANA appears to be weaker than its peers in this area, with a capitalization ratio of 14.00 percent in our test, worse than the average for all credit unions.

Asset Quality Score

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

A credit union with large numbers of these types of assets could eventually have to use capital to cover losses, diminishing its buffer of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, resulting in reduced earnings and potentially more risk of a future failure.

EAGLE LOUISIANA beat out the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

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

How successful a credit union is at earning money affects its safety and soundness. A credit union can retain its earnings, increasing its capital cushion, or use them to address problematic loans, potentially making the credit union better prepared to withstand economic shocks. Losses, on the other hand, take away from a credit union's ability to do those things.

EAGLE LOUISIANA underperformed the average on Bankrate's test of earnings, achieving a score of 8 out of a possible 30.

One sign that EAGLE LOUISIANA 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.