THE INSTITUTION'S SCORE
Capital acts as a buffer against losses and provides protection for members when a credit union is experiencing financial trouble. Therefore, when it comes to measuring an a credit union's financial resilience, capital is essential. When it comes to safety and soundness, the higher the capital, the better.
On our test to measure capital adequacy, FIRST NEW YORK received a score of 10 out of a possible 30 points, coming in below the national average of 15.65.
FIRST NEW YORK appears to be weaker than its peers in this area, with a capitalization ratio of 10.00 percent in our test, below the average for all credit unions.