THE INSTITUTION'S SCORE
Capital acts as a cushion against losses and affords protection for members when a credit union is experiencing economic instability. Therefore, when it comes to measuring an a credit union's financial resilience, capital is crucial. When it comes to safety and soundness, the more capital, the better.
PALMETTO TRUST received a score of 6 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, falling short of the national average of 15.65.
PALMETTO TRUST had a capitalization ratio of 6.00 percent in our test, below the average for all credit unions, an indication that it could have a harder time weathering financial trouble than its peers.