Safe and Sound

PLYMOUTH COUNTY TEACHERS

WEST WAREHAM, MA
4
Star Rating
WEST WAREHAM, MA-based PLYMOUTH COUNTY TEACHERS is an NCUA-insured credit union started in 1962. Regulatory filings show the credit union having assets of $42.9 million, as of December 31, 2017.

Members have $21.9 million on deposit tended by 10 full-time employees. With that footprint, the credit union currently holds loans and leases worth $21.9 million. PLYMOUTH COUNTY TEACHERS's 4,280 members currently have $38.4 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, PLYMOUTH COUNTY TEACHERS exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for an analysis of how the credit union faired on the three important criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and provides protection for members when a credit union is experiencing financial instability. It follows then that when it comes to measuring an a credit union's financial stability, capital is crucial. When looking at safety and soundness, more capital is preferred.

On our test to measure the adequacy of a credit union's capital, PLYMOUTH COUNTY TEACHERS received a score of 12 out of a possible 30 points, less than the national average of 15.65.

PLYMOUTH COUNTY TEACHERS had a capitalization ratio of 12.00 percent in our test, lower than the average for all credit unions, a sign that it's on less solid financial footing 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 unpaid loans.

A credit union with large numbers of these types of assets could eventually have to use capital to cover losses, decreasing its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in lower earnings and potentially more risk of a failure in the future.

PLYMOUTH COUNTY TEACHERS exceeded 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 the credit union's total assets in our test, less than the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's ability to earn money affects its safety and soundness. A credit union can retain its earnings, expanding its capital cushion, or use them to address problematic loans, likely making the credit union better able to withstand financial shocks. Conversely, losses reduce a credit union's ability to do those things.

On Bankrate's test of earnings, PLYMOUTH COUNTY TEACHERS scored 8 out of a possible 30, less than the national average of 10.11.

One indication that PLYMOUTH COUNTY TEACHERS is beating its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.

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.