THE INSTITUTION'S SCORE
Capital works as a bulwark against losses and affords protection for members when a credit union is experiencing economic instability. Therefore, when it comes to measuring an an institution's financial fortitude, capital is crucial. When looking at safety and soundness, the higher the capital, the better.
On our test to measure capital adequacy, ESSEX COUNTY NJ EMPLOYEES received a score of 14 out of a possible 30 points, below the national average of 15.65.
ESSEX COUNTY NJ EMPLOYEES had a capitalization ratio of 14.00 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.