Safe and Sound

OMAHA DOUGLAS

OMAHA, NE
4
Star Rating
OMAHA DOUGLAS is an NCUA-insured credit union founded in 1949 and currently based in OMAHA, NE. Regulatory filings show the credit union having assets of $33.4 million, as of December 31, 2017.

With 8 full-time employees, the credit union holds loans and leases worth $11.9 million. Its 4,109 members currently have $29.2 million in shares with the credit union.

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

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SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial resilience, capital is key. It works as a buffer against losses and as protection for members during periods of economic trouble for the credit union. When looking at safety and soundness, the more capital, the better.

OMAHA DOUGLAS received a score of 14 out of a possible 30 points on our test to measure capital adequacy, failing to reach the national average of 15.65.

OMAHA DOUGLAS had a capitalization ratio of 14.00 percent in our test, lower than the average for all credit unions, suggesting that it could have a harder time weathering financial trouble than its peers.

Asset Quality Score

In this test, Bankrate tries to determine the impact of troubled assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.

Having lots of these kinds of assets suggests a credit union could have 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 lower earnings and potentially more risk of a future failure.

OMAHA DOUGLAS did better than the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

Troubled assets made up 0.00 percent of OMAHA DOUGLAS's total assets in our test, less than the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital buffer, or be used to address problematic loans, likely making the credit union better prepared to withstand economic trouble. However, credit unions that are losing money have less ability to do those things.

OMAHA DOUGLAS scored 2 out of a possible 30 on Bankrate's test of earnings, below the national average of 10.11.

OMAHA DOUGLAS had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, suggesting that it's doing better than 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.