Safe and Sound

FLOWERS EMPLOYEES CREDIT LEAGUE

Thomasville, GA
5
Star Rating
Founded in 1971, FLOWERS EMPLOYEES CREDIT LEAGUE is an NCUA-insured credit union based in Thomasville, GA. The credit union has $24.4 million in assets, according to December 31, 2017, regulatory filings.

Thanks to the efforts of 10 full-time employees, the credit union has amassed loans and leases worth $14.7 million. FLOWERS EMPLOYEES CREDIT LEAGUE's 6,018 members currently have $17.0 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, FLOWERS EMPLOYEES CREDIT LEAGUE exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a look at how the credit union did on the three key criteria Bankrate used to score American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial stability, capital is useful. It works as a bulwark against losses and provides protection for members during times of economic trouble for the credit union. When looking at safety and soundness, the higher the capital, the better.

FLOWERS EMPLOYEES CREDIT LEAGUE racked up 30 out of a possible 30 points on our test to measure capital adequacy, above the national average of 15.65.

FLOWERS EMPLOYEES CREDIT LEAGUE appears to be stronger than its peers, with a capitalization ratio of 30.00 percent in our test, above the average for all credit unions.

Asset Quality Score

This test is intended to try to understand how the credit union's capitalization and allocated loan loss reserves could be affected by troubled assets, such as past-due mortgages.

A credit union with a large number of these kinds of assets could eventually be required to use capital to absorb losses, cutting down on its equity cushion. 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.

FLOWERS EMPLOYEES CREDIT LEAGUE beat out the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

A lower-than-average ratio of problem assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its safety and soundness. A credit union can retain its earnings, boosting its capital cushion, or use them to deal with problematic loans, potentially making the credit union better prepared to withstand financial trouble. Conversely, losses take away from a credit union's ability to do those things.

FLOWERS EMPLOYEES CREDIT LEAGUE received below-average marks on Bankrate's earnings test, achieving a score of 4 out of a possible 30.

One indication that FLOWERS EMPLOYEES CREDIT LEAGUE is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, better than 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.