Safe and Sound

OUR SUNDAY VISITOR EMPLOYEES

HUNTINGTON, IN
5
Star Rating
OUR SUNDAY VISITOR EMPLOYEES is an NCUA-insured credit union started in 1968 and currently based in HUNTINGTON, IN. The credit union holds $2.8 million in assets, according to December 31, 2017, regulatory filings.

The credit union holds loans and leases worth $2.4 million. Its 599 members currently have $2.4 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, OUR SUNDAY VISITOR EMPLOYEES exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three important criteria Bankrate used to score U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and affords protection for members during times of financial trouble for the credit union. It follows then that a credit union's level of capital is an essential measurement of its financial resilience. When it comes to safety and soundness, the more capital, the better.

On our test to measure capital adequacy, OUR SUNDAY VISITOR EMPLOYEES racked up 20 out of a possible 30 points, beating out the national average of 15.65.

OUR SUNDAY VISITOR EMPLOYEES's capitalization ratio of 20.00 percent in our test was better than the average for all credit unions, an indication that it's more well prepared for financial trouble than its peers.

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 troubled assets, such as past-due mortgages.

Having a large number of these kinds of assets could eventually force a credit union to use capital to cover losses, decreasing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, decreasing earnings and elevating the risk of a future failure.

On Bankrate's asset quality test, OUR SUNDAY VISITOR EMPLOYEES scored 36 out of a possible 40 points, failing to reach the national average of 38.09 points.

Troubled assets made up 0.00 percent of the credit union's total assets in our test, below the national average and suggestive of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital cushion, or be used to deal with problematic loans, likely making the credit union more resilient in tough times. However, credit unions that are losing money are less able to do those things.

OUR SUNDAY VISITOR EMPLOYEES scored 22 out of a possible 30 on Bankrate's earnings test, beating out the national average of 10.11.

OUR SUNDAY VISITOR EMPLOYEES had an earnings ratio of 0.00 percent in our test, above 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.