Safe and Sound

IDAHO UNITED

Boise, ID
4
Star Rating
IDAHO UNITED is an NCUA-insured credit union started in 1978 and currently based in Boise, ID. The credit union holds $35.7 million in assets, according to December 31, 2017, regulatory filings.

Members have $30.5 million on deposit tended by 9 full-time employees. With that footprint, the credit union has amassed loans and leases worth $30.5 million. IDAHO UNITED's 5,017 members currently have $32.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, IDAHO UNITED exhibited a good condition, earning 4 out of 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 U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

Capital is an essential measurement of a credit union's financial resilience. It acts as a cushion against losses and as protection for members during times of economic instability for the credit union. From a safety and soundness perspective, more capital is better.

On our test to measure the adequacy of a credit union's capital, IDAHO UNITED received a score of 4 out of a possible 30 points, falling short of the national average of 15.65.

IDAHO UNITED appears to be on less solid financial footing than its peers in this area, with a capitalization ratio of 4.00 percent in our test, worse than the average for all credit unions.

Asset Quality Score

In this test, Bankrate tries to estimate the impact of troubled assets, such as unpaid loans, on the credit union's loan loss reserves and overall capitalization.

Having a large number of these types of assets suggests a credit union could eventually have to use capital to absorb losses, shrinking its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, decreasing earnings and increasing the risk of a future failure.

On Bankrate's test of asset quality, IDAHO UNITED scored 36 out of a possible 40 points, falling short of the national average of 38.09 points.

Troubled assets made up 0.00 percent of IDAHO UNITED's total assets in our test, lower than the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its safety and soundness. Earnings may be retained by the credit union, expanding its capital cushion, or be used to deal with problematic loans, potentially making the credit union better prepared to withstand economic shocks. Conversely, losses take away from a credit union's ability to do those things.

IDAHO UNITED scored 22 out of a possible 30 on Bankrate's earnings test, beating out the national average of 10.11.

One indication that IDAHO UNITED is beating its peers in this area was its earnings ratio of 0.00 percent in our test, higher 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.