THE INSTITUTION'S SCORE
Capital works as a buffer against losses and provides protection for members when a credit union is experiencing financial instability. Therefore, when it comes to measuring an an institution's financial stability, capital is key. When looking at safety and soundness, the higher the capital, the better.
GRANITE received a score of 12 out of a possible 30 points on our test to measure capital adequacy, falling short of the national average of 15.65.
GRANITE had a capitalization ratio of 12.00 percent in our test, worse than the average for all credit unions, an indication that it's on less solid financial footing than its peers.