Safe and Sound

NORWALK POSTAL EMPLOYEES

Norwalk, CT
4
Star Rating
NORWALK POSTAL EMPLOYEES is an NCUA-insured credit union started in 1958 and currently headquartered in NORWALK, CT. Regulatory filings show the credit union having $622,443 in assets, as of December 31, 2017.

The credit union has amassed loans and leases worth $355,409. Its 275 members currently have $554,024 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, NORWALK POSTAL EMPLOYEES exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union did on the three important criteria Bankrate used to grade American credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial stability, capital is essential. It works as a buffer against losses and affords protection for members during periods of financial instability for the credit union. When looking at safety and soundness, more capital is better.

On our test to measure the adequacy of a credit union's capital, NORWALK POSTAL EMPLOYEES received a score of 12 out of a possible 30 points, falling short of the national average of 15.65.

NORWALK POSTAL EMPLOYEES appears to be on less solid financial footing than its peers in this area, with a capitalization ratio of 12.00 percent in our test, lower than the average for all credit unions.

Asset Quality Score

This test's purpose is to try to understand how the credit union's capitalization and allocated loan loss reserves could be affected by problem assets, such as past-due loans.

Having lots of these types of assets could eventually require a credit union to use capital to absorb losses, decreasing its buffer of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in diminished earnings and potentially more risk of a future failure.

NORWALK POSTAL EMPLOYEES came in below the national average of 38.09 on Bankrate's asset quality test, racking up 36 out of a possible 40 points .

A below-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at making money affects its long-term survivability. Earnings may be retained by the credit union, increasing its capital cushion, or be used to deal with problematic loans, potentially making the credit union better prepared to withstand financial trouble. Losses, on the other hand, lessen a credit union's ability to do those things.

On Bankrate's test of earnings, NORWALK POSTAL EMPLOYEES scored 14 out of a possible 30, above the national average of 10.11.

NORWALK POSTAL EMPLOYEES had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, suggesting that it's running ahead of its peers in this area.

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.