Safe and Sound

MARION COUNTY SCHOOL EMPLOYEES

Fairmont, WV
5
Star Rating
Founded in 1976, MARION COUNTY SCHOOL EMPLOYEES is an NCUA-insured credit union based in Fairmont, WV. The credit union holds $9.2 million in assets, according to December 31, 2017, regulatory filings.

Members have $3.0 million on deposit tended by 2 full-time employees. With that footprint, the credit union holds loans and leases worth $3.0 million. MARION COUNTY SCHOOL EMPLOYEES's 1,266 members currently have $7.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MARION COUNTY SCHOOL EMPLOYEES exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three key criteria Bankrate used to score American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is a useful measurement of an institution's financial fortitude. It works as a buffer against losses and affords protection for members when a credit union is struggling financially. When it comes to safety and soundness, the higher the capital, the better.

MARION COUNTY SCHOOL EMPLOYEES racked up 28 out of a possible 30 points on our test to measure capital adequacy, beating out the national average of 15.65.

MARION COUNTY SCHOOL EMPLOYEES had a capitalization ratio of 28.00 percent in our test, above the average for all credit unions, suggesting that it's more well prepared for financial trouble than its peers.

Asset Quality Score

In this test, Bankrate tries to estimate the effect of problem assets, such as past-due loans, on the credit union's capitalization and allocated loan loss reserves.

Having lots of these kinds of assets suggests a credit union may eventually have to use capital to absorb losses, shrinking 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 depressed earnings and potentially more risk of a failure in the future.

On Bankrate's asset quality test, MARION COUNTY SCHOOL EMPLOYEES scored 40 out of a possible 40 points, better than the national average of 38.09 points.

MARION COUNTY SCHOOL EMPLOYEES's ratio of troubled assets was 0.00 percent in our test, less than the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's ability to earn money affects its safety and soundness. Earnings can be retained by the credit union, expanding its capital cushion, or be used to address problematic loans, potentially making the credit union better prepared to withstand economic trouble. Obviously, credit unions that are losing money have less ability to do those things.

MARION COUNTY SCHOOL EMPLOYEES received below-average marks on Bankrate's earnings test, achieving a score of 2 out of a possible 30.

The credit union had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, a sign that it's doing better than 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.