THE INSTITUTION'S SCORE
When it comes to measuring an institution's financial stability, capital is essential. It acts as a cushion against losses and provides protection for members during times of economic instability for the credit union. From a safety and soundness perspective, the higher the capital, the better.
On our test to measure the adequacy of a credit union's capital, LOCAL 697 racked up 28 out of a possible 30 points, exceeding the national average of 15.65.
LOCAL 697 appears to be stronger than its peers, with a capitalization ratio of 28.00 percent in our test, better than the average for all credit unions.