THE INSTITUTION'S SCORE
Capital acts as a bulwark against losses and affords protection for members when a credit union is struggling financially. Therefore, when it comes to measuring an an institution's financial fortitude, capital is essential. When looking at safety and soundness, the more capital, the better.
LOCAL 20 IBEW received a score of 8 out of a possible 30 points on our test to measure capital adequacy, failing to reach the national average of 15.65.
LOCAL 20 IBEW appears to be on less solid financial footing than its peers in this area, with a capitalization ratio of 8.00 percent in our test, lower than the average for all credit unions.