Safe and Sound

OAK CLIFF CHRISTIAN

DALLAS, TX
4
Star Rating
Started in 2008, OAK CLIFF CHRISTIAN is an NCUA-insured credit union headquartered in DALLAS, TX. The credit union holds assets of $5.5 million, according to December 31, 2017, regulatory filings.

Members have $3.6 million on deposit tended by 2 full-time employees. With that footprint, the credit union has amassed loans and leases worth $3.6 million. OAK CLIFF CHRISTIAN's 1,884 members currently have $4.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, OAK CLIFF CHRISTIAN exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a look at how the credit union did on the three major criteria Bankrate used to grade American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a cushion against losses and provides protection for members when a credit union is experiencing financial instability. It follows then that an institution's level of capital is an essential measurement of its financial strength. When it comes to safety and soundness, more capital is better.

OAK CLIFF CHRISTIAN scored below the national average of 15.65 on our test to measure capital adequacy, racking up 10 out of a possible 30 points.

OAK CLIFF CHRISTIAN had a capitalization ratio of 10.00 percent in our test, worse than the average for all credit unions, a sign that it could be less resilient in a crisis than its peers.

Asset Quality Score

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

A credit union with lots of these types of assets could eventually have to use capital to cover losses, diminishing its equity cushion. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, decreasing earnings and increasing the chances of a future failure.

OAK CLIFF CHRISTIAN fell short of the national average of 38.09 on Bankrate's asset quality test, racking up 28 out of a possible 40 points .

Troubled assets made up 0.00 percent of OAK CLIFF CHRISTIAN's total assets in our test, beneath the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at making money has an effect on its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or use them to address problematic loans, likely making the credit union better prepared to withstand economic shocks. Conversely, losses diminish a credit union's ability to do those things.

On Bankrate's earnings test, OAK CLIFF CHRISTIAN scored 22 out of a possible 30, beating out the national average of 10.11.

The credit union had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, a sign 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.