THE INSTITUTION'S SCORE
Capital works as a buffer against losses and as protection for members when a credit union is experiencing economic trouble. Therefore, when it comes to measuring an an institution's financial fortitude, capital is key. From a safety and soundness perspective, the higher the capital, the better.
On our test to measure capital adequacy, LOCOGA received a score of 8 out of a possible 30 points, coming in below the national average of 15.65.
LOCOGA appears to be weaker than its peers in this area, with a capitalization ratio of 8.00 percent in our test, below the average for all credit unions.