Safe and Sound

MARYVALE SCHOOLS

CHEEKTOWAGA, NY
5
Star Rating
Started in 1957, MARYVALE SCHOOLS is an NCUA-insured credit union headquartered in CHEEKTOWAGA, NY. Regulatory filings show the credit union having assets of $8.5 million, as of December 31, 2017.

The credit union holds loans and leases worth $3.7 million. Its 1,043 members currently have $7.0 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MARYVALE SCHOOLS exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a look at how the credit union did on the three major criteria Bankrate used to evaluate American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a bulwark against losses and provides protection for members when a credit union is struggling financially. Therefore, an institution's level of capital is a useful measurement of its financial resilience. When looking at safety and soundness, more capital is better.

On our test to measure capital adequacy, MARYVALE SCHOOLS scored 26 out of a possible 30 points, above the national average of 15.65.

MARYVALE SCHOOLS had a capitalization ratio of 26.00 percent in our test, better than the average for all credit unions, an indication that it's on more solid financial footing than its peers.

Asset Quality Score

Bankrate uses this test to determine the effect of problem assets, such as unpaid loans, on the credit union's loan loss reserves and overall capitalization.

Having extensive holdings of these types of assets means a credit union may eventually have to use capital to absorb losses, diminishing its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, decreasing earnings and increasing the chances of a future failure.

On Bankrate's test of asset quality, MARYVALE SCHOOLS scored 40 out of a possible 40 points, better than the national average of 38.09 points.

A below-average ratio of problem assets of 0.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at making money affects its long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or put them to work addressing problematic loans, potentially making the credit union better prepared to withstand economic trouble. Obviously, credit unions that are losing money are less able to do those things.

MARYVALE SCHOOLS did below-average on Bankrate's test of earnings, achieving a score of 6 out of a possible 30.

One indication that MARYVALE SCHOOLS is beating its peers in this area was its earnings ratio of 0.00 percent in our test, above the average for all credit unions.

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.