THE INSTITUTION'S SCORE
When it comes to measuring an institution's financial fortitude, capital is crucial. It acts as a buffer against losses and provides protection for members during times of economic trouble for the credit union. When looking at safety and soundness, the higher the capital, the better.
On our test to measure the adequacy of a credit union's capital, JAX received a score of 12 out of a possible 30 points, coming in below the national average of 15.65.
JAX had a capitalization ratio of 12.00 percent in our test, less than the average for all credit unions, suggesting that it could have a harder time weathering financial trouble than its peers.