Safe and Sound

LITTLE GIANT

Mc Kees Rocks, PA
3
Star Rating
Mc Kees Rocks, PA-based LITTLE GIANT is an NCUA-insured credit union founded in 1941. Regulatory filings show the credit union having assets of $8.9 million, as of December 31, 2017.

Thanks to the efforts of 3 full-time employees, the credit union currently holds loans and leases worth $2.0 million. Its 1,631 members currently have $7.7 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, LITTLE GIANT exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three important criteria Bankrate used to grade American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial stability, capital is crucial. It works as a bulwark against losses and as protection for members when a credit union is struggling financially. From a safety and soundness perspective, the more capital, the better.

LITTLE GIANT racked up 18 out of a possible 30 points on our test to measure capital adequacy, beating out the national average of 15.65.

LITTLE GIANT had a capitalization ratio of 18.00 percent in our test, higher than the average for all credit unions, suggesting that it could have an easier time weathering financial trouble than its peers.

Asset Quality Score

This test's purpose is to try to understand how the credit union's capitalization and allocated loan loss reserves could be affected by problem assets, such as past-due mortgages.

Having extensive holdings of these kinds of assets means a credit union could have to use capital to cover losses, reducing its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, resulting in reduced earnings and potentially more risk of a failure in the future.

LITTLE GIANT scored 40 out of a possible 40 points on Bankrate's asset quality test, above the national average of 38.09.

A below-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, boosting its capital buffer, or put them to work addressing problematic loans, likely making the credit union more resilient in tough times. However, credit unions that are losing money have less ability to do those things.

LITTLE GIANT fell behind the national average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.

LITTLE GIANT had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, an indication that it's outperforming 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.