Safe and Sound

MC CLATCHY EMPLOYEES

SACRAMENTO, CA
3
Star Rating
MC CLATCHY EMPLOYEES is an NCUA-insured credit union started in 1935 and currently headquartered in SACRAMENTO, CA. Regulatory filings show the credit union having $15.7 million in assets, as of December 31, 2017.

With 3 full-time employees, the credit union has amassed loans and leases worth $3.8 million. MC CLATCHY EMPLOYEES's 1,044 members currently have $13.6 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MC CLATCHY EMPLOYEES exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three important criteria Bankrate used to evaluate U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial fortitude, capital is valuable. It works as a bulwark against losses and affords protection for members during periods of economic instability for the credit union. When looking at safety and soundness, more capital is preferred.

MC CLATCHY EMPLOYEES did better than the national average of 15.65 points on our test to measure capital adequacy, scoring 16 out of a possible 30 points.

MC CLATCHY EMPLOYEES had a capitalization ratio of 16.00 percent in our test, the same as the average for all credit unions, an indication that it's right in line with its peers.

Asset Quality Score

Bankrate uses this test to determine the impact of problem assets, such as past-due loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

Having large numbers of these types of assets means a credit union may have to use capital to cover losses, cutting down on 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 interest for the credit union, resulting in diminished earnings and potentially more risk of a future failure.

MC CLATCHY EMPLOYEES exceeded the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

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

Earnings score

How successful a credit union is at making money has an effect on its long-term survivability. A credit union can retain its earnings, boosting its capital buffer, or put them to work addressing problematic loans, likely making the credit union more resilient in tough times. Losses, on the other hand, diminish a credit union's ability to do those things.

MC CLATCHY EMPLOYEES scored 0 out of a possible 30 on Bankrate's test of earnings, less than the national average of 10.11.

One indication that MC CLATCHY EMPLOYEES is beating its peers in this area was its earnings ratio of 0.00 percent in our test, better than 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.