Safe and Sound

JAMESTOWN POST OFFICE EMPLOYEES

JAMESTOWN, NY
NR
Star Rating
JAMESTOWN, NY-based JAMESTOWN POST OFFICE EMPLOYEES is an NCUA-insured credit union founded in 1928. The credit union has assets of $17,880, according to December 31, 2017, regulatory filings.

Members have $0 on deposit tended by 2 full-time employees. With that footprint, the credit union currently holds loans and leases worth $0. Its 1 members currently have $0 in shares with the credit union.

Overall, Bankrate did not have enough information on this institution to give it a star rating. Keep reading for an analysis of how the credit union faired on the three major criteria Bankrate used to evaluate American credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial strength, capital is important. It works as a bulwark against losses and affords protection for members when a credit union is experiencing financial instability. When looking at safety and soundness, more capital is better.

JAMESTOWN POST OFFICE EMPLOYEES did better than the national average of 15.65 points on our test to measure the adequacy of a credit union's capital, achieving a score of 30 out of a possible 30 points.

JAMESTOWN POST OFFICE EMPLOYEES had a capitalization ratio of 30.00 percent in our test, better than the average for all credit unions, suggesting 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 troubled assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.

Having lots of these kinds of assets means a credit union could eventually have to use capital to cover losses, diminishing its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, resulting in diminished earnings and potentially more risk of a failure in the future.

On Bankrate's asset quality test, JAMESTOWN POST OFFICE EMPLOYEES scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.

Earnings score

A credit union's earnings performance has an effect on its safety and soundness. Earnings may be retained by the credit union, giving a boost to its capital cushion, or be used to deal with problematic loans, potentially making the credit union better able to withstand economic trouble. However, credit unions that are losing money have less ability to do those things.

JAMESTOWN POST OFFICE EMPLOYEES fell short of the national average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.

One indication that JAMESTOWN POST OFFICE EMPLOYEES is performing behind its peers in this area was its earnings ratio of -34.00 percent in our test, less 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.