Safe and Sound

NEW HAMPSHIRE

CONCORD, NH
4
Star Rating
Founded in 1941, NEW HAMPSHIRE is an NCUA-insured credit union based in CONCORD, NH. As of December 31, 2017, the credit union held assets of $259.8 million.

With 46 full-time employees, the credit union holds loans and leases worth $123.2 million. Its 14,723 members currently have $224.3 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, NEW HAMPSHIRE exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three key criteria Bankrate used to evaluate American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is a key measurement of an institution's financial strength. It acts as a cushion against losses and affords protection for members during times of financial trouble for the credit union. When it comes to safety and soundness, the higher the capital, the better.

NEW HAMPSHIRE racked up 18 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.65.

NEW HAMPSHIRE had a capitalization ratio of 18.00 percent in our test, better than the average for all credit unions, suggesting that it's on more solid financial footing than its peers.

Asset Quality Score

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

Having lots of these types of assets may eventually force a credit union to use capital to absorb losses, decreasing its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, resulting in diminished earnings and potentially more risk of a failure in the future.

NEW HAMPSHIRE scored 40 out of a possible 40 points on Bankrate's asset quality test, above the national average of 38.09.

Troubled assets made up 0.00 percent of NEW HAMPSHIRE's total assets 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 profitability has an effect on its long-term survivability. A credit union can retain its earnings, increasing its capital cushion, or use them to deal with problematic loans, likely making the credit union more resilient in tough times. Obviously, credit unions that are losing money have less ability to do those things.

NEW HAMPSHIRE scored 6 out of a possible 30 on Bankrate's earnings test, falling short of the national average of 10.11.

One sign that NEW HAMPSHIRE 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.