Safe and Sound

JACKSON COUNTY TEACHERS

MARIANNA, FL
5
Star Rating
Founded in 1991, JACKSON COUNTY TEACHERS is an NCUA-insured credit union headquartered in MARIANNA, FL. As of December 31, 2017, the credit union had assets of $26.8 million.

Members have $14.6 million on deposit tended by 10 full-time employees. With that footprint, the credit union has amassed loans and leases worth $14.6 million. JACKSON COUNTY TEACHERS's 3,396 members currently have $20.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, JACKSON COUNTY TEACHERS exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three major criteria Bankrate used to evaluate U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a bulwark against losses and as protection for members when a credit union is experiencing financial instability. It follows then that an institution's level of capital is an essential measurement of its financial resilience. From a safety and soundness perspective, the more capital, the better.

JACKSON COUNTY TEACHERS exceeded the national average of 15.65 points on our test to measure the adequacy of a credit union's capital, racking up 30 out of a possible 30 points.

JACKSON COUNTY TEACHERS had a capitalization ratio of 30.00 percent in our test, higher than the average for all credit unions, an indication that it could be more resilient in a crisis than its peers.

Asset Quality Score

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

A credit union with extensive holdings of these kinds of assets may eventually be forced to use capital to absorb losses, diminishing its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in diminished earnings and potentially more risk of a future failure.

JACKSON COUNTY TEACHERS scored 40 out of a possible 40 points on Bankrate's test of asset quality, beating the national average of 38.09.

JACKSON COUNTY TEACHERS's ratio of troubled assets was 0.00 percent in our test, less than the national average and potentially indicative 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 long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or use them to address problematic loans, likely making the credit union better prepared to withstand economic trouble. Conversely, losses diminish a credit union's ability to do those things.

On Bankrate's earnings test, JACKSON COUNTY TEACHERS scored 12 out of a possible 30, exceeding the national average of 10.11.

One indication that the credit union is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, above 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.