Safe and Sound

NONE SUFFER LACK

SUITLAND, MD
5
Star Rating
NONE SUFFER LACK is a SUITLAND, MD-based, NCUA-insured credit union that opened its doors in 2001. The credit union has $21.8 million in assets, according to December 31, 2017, regulatory filings.

Members have $3.3 million on deposit tended by 4 full-time employees. With that footprint, the credit union has amassed loans and leases worth $3.3 million. NONE SUFFER LACK's 2,997 members currently have $19.0 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, NONE SUFFER LACK exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union faired on the three key criteria Bankrate used to evaluate U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and provides protection for members during periods of financial trouble for the credit union. It follows then that an institution's level of capital is an essential measurement of its financial resilience. When looking at safety and soundness, the higher the capital, the better.

NONE SUFFER LACK racked up 16 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, beating the national average of 15.65.

NONE SUFFER LACK had a capitalization ratio of 16.00 percent in our test, the same as the average for all credit unions, a sign that it's running neck and neck with its peers.

Asset Quality Score

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

A credit union with lots of these types of assets could eventually be required to use capital to absorb losses, diminishing 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, resulting in reduced earnings and potentially more risk of a future failure.

NONE SUFFER LACK scored 40 out of a possible 40 points on Bankrate's asset quality test, beating out the national average of 38.09.

Earnings score

A credit union's earnings performance affects its long-term survivability. Earnings can be retained by the credit union, increasing its capital buffer, or be used to deal with problematic loans, potentially making the credit union better prepared to withstand financial trouble. Conversely, losses diminish a credit union's ability to do those things.

On Bankrate's test of earnings, NONE SUFFER LACK scored 16 out of a possible 30, above the national average of 10.11.

One indication that NONE SUFFER LACK is beating 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.