Safe and Sound

MISSOURI BAPTIST

Jefferson City, MO
4
Star Rating
MISSOURI BAPTIST is an NCUA-insured credit union founded in 1963 and currently based in Jefferson City, MO. As of December 31, 2017, the credit union held assets of $7.9 million.

With 2 full-time employees, the credit union currently holds loans and leases worth $6.2 million. MISSOURI BAPTIST's 992 members currently have $6.3 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MISSOURI BAPTIST exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three major criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a bulwark against losses and as protection for members during periods of economic instability for the credit union. Therefore, an institution's level of capital is a crucial measurement of its financial fortitude. When looking at safety and soundness, the higher the capital, the better.

On our test to measure the adequacy of a credit union's capital, MISSOURI BAPTIST received a score of 6 out of a possible 30 points, failing to reach the national average of 15.65.

MISSOURI BAPTIST had a capitalization ratio of 6.00 percent in our test, worse than the average for all credit unions, an indication that it's on less solid financial footing than its peers.

Asset Quality Score

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

A credit union with large numbers of these kinds of assets may eventually be forced to use capital to absorb 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 thus aren't earning interest for the credit union, decreasing earnings and increasing the chances of a future failure.

On Bankrate's asset quality test, MISSOURI BAPTIST scored 40 out of a possible 40 points, beating 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. Earnings may be retained by the credit union, increasing its capital buffer, or be used to deal with problematic loans, likely making the credit union more resilient in tough times. Conversely, losses take away from a credit union's ability to do those things.

MISSOURI BAPTIST scored 10 out of a possible 30 on Bankrate's earnings test, less than the national average of 10.11.

One sign that MISSOURI BAPTIST is doing better than 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.