THE INSTITUTION'S SCORE
Capital works as a cushion against losses and affords protection for members during periods of economic instability for the credit union. Therefore, when it comes to measuring an a credit union's financial strength, capital is essential. When it comes to safety and soundness, the more capital, the better.
LOCAL 41 I.B.E.W. came in below the national average of 15.65 on our test to measure capital adequacy, scoring 10 out of a possible 30 points.
LOCAL 41 I.B.E.W. had a capitalization ratio of 10.00 percent in our test, lower than the average for all credit unions, suggesting that it's on less solid financial footing than its peers.