Safe and Sound

FIRST MIAMI UNIVERSITY STUDENT

Oxford, OH
5
Star Rating
FIRST MIAMI UNIVERSITY STUDENT is an NCUA-insured credit union founded in 1988 and currently based in Oxford, OH. Regulatory filings show the credit union having assets of $652,339, as of December 31, 2017.

Members have $232,337 on deposit tended by 5 full-time employees. With that footprint, the credit union holds loans and leases worth $232,337. Its 693 members currently have $273,743 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, FIRST MIAMI UNIVERSITY STUDENT exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three key criteria Bankrate used to grade American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial fortitude, capital is valuable. It works as a bulwark against losses and affords protection for members when a credit union is experiencing financial trouble. When it comes to safety and soundness, the higher the capital, the better.

On our test to measure capital adequacy, FIRST MIAMI UNIVERSITY STUDENT racked up 30 out of a possible 30 points, better than the national average of 15.65.

FIRST MIAMI UNIVERSITY STUDENT's capitalization ratio of 30.00 percent in our test was better than the average for all credit unions, an indication that it's stronger than its peers.

Asset Quality Score

Bankrate uses this test to determine the effect of problem assets, such as past-due mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

A credit union with extensive holdings of these kinds of assets could eventually have to use capital to absorb losses, cutting down on its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in diminished earnings and potentially more risk of a failure in the future.

FIRST MIAMI UNIVERSITY STUDENT exceeded the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

FIRST MIAMI UNIVERSITY STUDENT's ratio of troubled assets was 0.00 percent in our test, beneath the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at earning money affects its long-term survivability. Earnings may be retained by the credit union, boosting its capital buffer, or be used to deal with problematic loans, potentially making the credit union more resilient in times of trouble. However, credit unions that are losing money are less able to do those things.

On Bankrate's test of earnings, FIRST MIAMI UNIVERSITY STUDENT scored 30 out of a possible 30, above the national average of 10.11.

FIRST MIAMI UNIVERSITY STUDENT had an earnings ratio of 1.00 percent in our test, higher than the average for all credit unions, suggesting that it's outperforming 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.