Safe and Sound

MCCONE COUNTY

CIRCLE, MT
5
Star Rating
MCCONE COUNTY is an NCUA-insured credit union founded in 1956 and currently based in CIRCLE, MT. Regulatory filings show the credit union having assets of $76.0 million, as of December 31, 2017.

Members have $46.9 million on deposit tended by 11 full-time employees. With that footprint, the credit union holds loans and leases worth $46.9 million. Its 2,395 members currently have $65.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MCCONE COUNTY exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three key criteria Bankrate used to grade American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial stability, capital is important. It works as a cushion against losses and provides protection for members during times of economic instability for the credit union. When it comes to safety and soundness, the higher the capital, the better.

MCCONE COUNTY scored 16 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, exceeding the national average of 15.65.

MCCONE COUNTY had a capitalization ratio of 16.00 percent in our test, equal to the average for all credit unions, a sign that it's running neck and neck with its peers.

Asset Quality Score

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

Having large numbers of these types of assets suggests a credit union may have to use capital to absorb losses, diminishing its equity cushion. Many of those assets are also likely to be in non-accrual status and no longer earning money, reducing earnings and elevating the risk of a future failure.

MCCONE COUNTY scored above the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

MCCONE COUNTY's ratio of problem assets was 0.00 percent in our test, lower than the national average and suggestive of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or use them to deal with problematic loans, likely making the credit union better prepared to withstand financial trouble. Conversely, losses lessen a credit union's ability to do those things.

On Bankrate's earnings test, MCCONE COUNTY scored 18 out of a possible 30, beating out the national average of 10.11.

One sign that MCCONE COUNTY is running ahead of 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.