Safe and Sound

GREAT FALLS REGIONAL

LEWISTON, ME
5
Star Rating
GREAT FALLS REGIONAL is a LEWISTON, ME-based, NCUA-insured credit union dating back to 1955. Regulatory filings show the credit union having assets of $27.8 million, as of December 31, 2017.

With 9 full-time employees, the credit union currently holds loans and leases worth $9.1 million. Its 4,175 members currently have $22.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, GREAT FALLS REGIONAL exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three key criteria Bankrate used to score American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital works as a bulwark against losses and provides protection for members during periods of financial trouble for the credit union. It follows then that a credit union's level of capital is a key measurement of its financial resilience. When looking at safety and soundness, the higher the capital, the better.

GREAT FALLS REGIONAL racked up 26 out of a possible 30 points on our test to measure capital adequacy, exceeding the national average of 15.65.

GREAT FALLS REGIONAL had a capitalization ratio of 26.00 percent in our test, better than the average for all credit unions, suggesting that it's on more solid financial footing than its peers.

Asset Quality Score

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

A credit union with large numbers of these types of assets may eventually be required to use capital to absorb losses, shrinking its buffer of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, resulting in lower earnings and potentially more risk of a future failure.

GREAT FALLS REGIONAL scored 40 out of a possible 40 points on Bankrate's test of asset quality, better than the national average of 38.09.

A lower-than-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at making money affects its long-term survivability. A credit union can retain its earnings, expanding its capital buffer, or put them to work addressing problematic loans, likely making the credit union more resilient in tough times. Losses, on the other hand, take away from a credit union's ability to do those things.

GREAT FALLS REGIONAL underperformed the average on Bankrate's test of earnings, achieving a score of 4 out of a possible 30.

GREAT FALLS REGIONAL had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, a sign that it's running ahead of 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.