THE INSTITUTION'S SCORE
Capital works as a bulwark against losses and affords protection for members when a credit union is experiencing financial trouble. Therefore, when it comes to measuring an a credit union's financial strength, capital is essential. When it comes to safety and soundness, the higher the capital, the better.
FAMILY FIRST OF NY received a score of 12 out of a possible 30 points on our test to measure capital adequacy, coming in below the national average of 15.65.
FAMILY FIRST OF NY had a capitalization ratio of 12.00 percent in our test, below the average for all credit unions, a sign that it's on less solid financial footing than its peers.