THE INSTITUTION'S SCORE
Capital acts as a bulwark against losses and affords protection for members when a credit union is struggling financially. Therefore, when it comes to measuring an an institution's financial strength, capital is valuable. When it comes to safety and soundness, the higher the capital, the better.
On our test to measure the adequacy of a credit union's capital, GRANITE STATE received a score of 8 out of a possible 30 points, coming in below the national average of 15.65.
GRANITE STATE's capitalization ratio of 8.00 percent in our test was less than the average for all credit unions, suggesting that it's on less solid financial footing than its peers.