THE INSTITUTION'S SCORE
Capital works as a buffer against losses and affords protection for members during times of economic trouble for the credit union. Therefore, a credit union's level of capital is a valuable measurement of its financial strength. From a safety and soundness perspective, the higher the capital, the better.
On our test to measure the adequacy of a credit union's capital, NEWARK FIREMEN achieved a score of 18 out of a possible 30 points, exceeding the national average of 15.65.
NEWARK FIREMEN's capitalization ratio of 18.00 percent in our test was higher than the average for all credit unions, a sign that it's more well prepared for financial trouble than its peers.