Safe and Sound

MT ZION WOODLAWN

Cincinnati, OH
2
Star Rating
MT ZION WOODLAWN is an NCUA-insured credit union started in 1968 and currently based in CINCINNATI, OH. Regulatory filings show the credit union having $111,646 in assets, as of December 31, 2017.

The credit union holds loans and leases worth $34,692. MT ZION WOODLAWN's 208 members currently have $100,743 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MT ZION WOODLAWN exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three key criteria Bankrate used to score American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and as protection for members during times of economic instability for the credit union. Therefore, an institution's level of capital is a useful measurement of its financial strength. When looking at safety and soundness, the higher the capital, the better.

MT ZION WOODLAWN received a score of 10 out of a possible 30 points on our test to measure capital adequacy, below the national average of 15.65.

MT ZION WOODLAWN appears to be weaker than its peers in this area, with a capitalization ratio of 10.00 percent in our test, below the average for all credit unions.

Asset Quality Score

Bankrate uses this test to determine the effect of problem assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.

Having a large number of these kinds of assets could eventually force a credit union to use capital to cover losses, shrinking its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, diminishing earnings and increasing the risk of a future failure.

On Bankrate's test of asset quality, MT ZION WOODLAWN scored 28 out of a possible 40 points, lower than the national average of 38.09 points.

The credit union's ratio of problem assets was 0.00 percent in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

A credit union's ability to earn money affects its long-term survivability. Earnings can be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, likely making the credit union more resilient in times of trouble. Credit unions that are losing money, however, are less able to do those things.

MT ZION WOODLAWN scored 0 out of a possible 30 on Bankrate's earnings test, falling short of the national average of 10.11.

One sign that MT ZION WOODLAWN is outperforming 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.