Safe and Sound

PRICE CHOPPER EMPLOYEES

SCHENECTADY, NY
3
Star Rating
PRICE CHOPPER EMPLOYEES is a SCHENECTADY, NY-based, NCUA-insured credit union started in 1981. The credit union has $21.2 million in assets, according to December 31, 2017, regulatory filings.

Thanks to the work of 6 full-time employees, the credit union holds loans and leases worth $2.9 million. PRICE CHOPPER EMPLOYEES's 3,377 members currently have $19.0 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, PRICE CHOPPER EMPLOYEES exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three key criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a cushion against losses and affords protection for members when a credit union is experiencing economic trouble. Therefore, a credit union's level of capital is an important measurement of its financial resilience. When looking at safety and soundness, the more capital, the better.

On our test to measure the adequacy of a credit union's capital, PRICE CHOPPER EMPLOYEES received a score of 12 out of a possible 30 points, falling short of the national average of 15.65.

PRICE CHOPPER EMPLOYEES had a capitalization ratio of 12.00 percent in our test, less 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 estimate how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by problem assets, such as past-due mortgages.

A credit union with large numbers of these types of assets could eventually be required to use capital to cover losses, shrinking its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, diminishing earnings and elevating the chances of a failure in the future.

PRICE CHOPPER EMPLOYEES scored above the national average of 38.09 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

Troubled assets made up 0.00 percent of PRICE CHOPPER EMPLOYEES'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 profitability affects its long-term survivability. Earnings may be retained by the credit union, expanding its capital buffer, or be used to deal with problematic loans, potentially making the credit union better prepared to withstand financial trouble. Credit unions that are losing money, however, are less able to do those things.

On Bankrate's test of earnings, PRICE CHOPPER EMPLOYEES scored 0 out of a possible 30, falling short of the national average of 10.11.

One sign that PRICE CHOPPER EMPLOYEES is beating its peers in this area was its earnings ratio of 0.00 percent in our test, above 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.