THE INSTITUTION'S SCORE
Capital acts as a bulwark against losses and affords protection for members when a credit union is struggling financially. Therefore, a credit union's level of capital is an important measurement of its financial strength. When it comes to safety and soundness, the more capital, the better.
On our test to measure capital adequacy, NORTH JERSEY received a score of 10 out of a possible 30 points, falling short of the national average of 15.65.
NORTH JERSEY appears to be less well prepared for financial trouble than its peers in this area, with a capitalization ratio of 10.00 percent in our test, less than the average for all credit unions.