THE INSTITUTION'S SCORE
Capital acts as a cushion against losses and provides protection for members when a credit union is experiencing financial instability. Therefore, when it comes to measuring an an institution's financial fortitude, capital is essential. When it comes to safety and soundness, the more capital, the better.
On our test to measure the adequacy of a credit union's capital, NJ GATEWAY received a score of 12 out of a possible 30 points, coming in below the national average of 15.65.
NJ GATEWAY's capitalization ratio of 12.00 percent in our test was lower than the average for all credit unions, suggesting that it's weaker than its peers.