Safe and Sound

NUMERICA

SPOKANE VALLEY, WA
5
Star Rating
Founded in 1941, NUMERICA is an NCUA-insured credit union headquartered in SPOKANE VALLEY, WA. Regulatory filings show the credit union having assets of $2.06 billion, as of December 31, 2017.

Thanks to the efforts of 497 full-time employees, the credit union has amassed loans and leases worth $1.64 billion. Its 135,173 members currently have $1.61 billion in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, NUMERICA exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three major 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 acts as a cushion against losses and as protection for members when a credit union is experiencing financial instability. It follows then that a credit union's level of capital is an essential measurement of its financial fortitude. From a safety and soundness perspective, more capital is preferred.

NUMERICA received a score of 12 out of a possible 30 points on our test to measure capital adequacy, below the national average of 15.65.

NUMERICA had a capitalization ratio of 12.00 percent in our test, worse than the average for all credit unions, an indication that it's less well prepared for financial trouble than its peers.

Asset Quality Score

Bankrate uses this test to determine the impact of troubled assets, such as unpaid mortgages, on the credit union's loan loss reserves and overall capitalization.

Having lots of these types of assets may eventually require a credit union to use capital to absorb losses, diminishing its cushion of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, reducing earnings and elevating the risk of a failure in the future.

On Bankrate's test of asset quality, NUMERICA scored 40 out of a possible 40 points, beating the national average of 38.09 points.

NUMERICA's ratio of troubled assets was 0.00 percent in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at making money affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital buffer, or use them to deal with problematic loans, potentially making the credit union better able to withstand economic trouble. Obviously, credit unions that are losing money are less able to do those things.

NUMERICA beat the national average on Bankrate's test of earnings, achieving a score of 18 out of a possible 30.

The credit union had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, an indication that it's outperforming 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.