Safe and Sound

MACON-BIBB EMPLOYEES CREDIT UNION

MACON, GA
5
Star Rating
Started in 1951, MACON-BIBB EMPLOYEES CREDIT UNION is an NCUA-insured credit union based in MACON, GA. The credit union has $3.2 million in assets, according to December 31, 2017, regulatory filings.

The credit union has amassed loans and leases worth $2.3 million. MACON-BIBB EMPLOYEES CREDIT UNION's 1,268 members currently have $2.7 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MACON-BIBB EMPLOYEES CREDIT UNION exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a look at how the credit union did on the three major criteria Bankrate used to grade American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and affords protection for members during periods of financial instability for the credit union. It follows then that a credit union's level of capital is a key measurement of its financial strength. When looking at safety and soundness, more capital is better.

MACON-BIBB EMPLOYEES CREDIT UNION achieved a score of 18 out of a possible 30 points on our test to measure capital adequacy, above the national average of 15.65.

MACON-BIBB EMPLOYEES CREDIT UNION appears to be on more solid financial footing than its peers, with a capitalization ratio of 18.00 percent in our test, above the average for all credit unions.

Asset Quality Score

This test's purpose is to estimate how the credit union's loan loss reserves and overall capitalization could be affected by troubled assets, such as unpaid mortgages.

Having lots of these kinds of assets may eventually force a credit union to use capital to absorb losses, cutting down on its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in lower earnings and potentially more risk of a failure in the future.

MACON-BIBB EMPLOYEES CREDIT UNION scored above the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

A lower-than-average ratio of problem assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.

Earnings score

A credit union's profitability has an effect on its long-term survivability. A credit union can retain its earnings, giving a boost to its capital cushion, or use them to deal with problematic loans, potentially making the credit union more resilient in tough times. Conversely, losses diminish a credit union's ability to do those things.

MACON-BIBB EMPLOYEES CREDIT UNION did above-average on Bankrate's test of earnings, achieving a score of 26 out of a possible 30.

MACON-BIBB EMPLOYEES CREDIT UNION had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, suggesting that it's beating 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.