Safe and Sound

PROCTER & GAMBLE ST. LOUIS EMP.

SAINT LOUIS, MO
4
Star Rating
PROCTER & GAMBLE ST. LOUIS EMP. is a SAINT LOUIS, MO-based, NCUA-insured credit union that opened its doors in 1940. As of December 31, 2017, the credit union had assets of $737,080.

The credit union currently holds loans and leases worth $500,342. PROCTER & GAMBLE ST. LOUIS EMP.'s 216 members currently have $609,011 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, PROCTER & GAMBLE ST. LOUIS EMP. exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's a breakdown of how the credit union did on the three major criteria Bankrate used to evaluate American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial fortitude, capital is important. It works as a bulwark against losses and provides protection for members during times of financial trouble for the credit union. From a safety and soundness perspective, the more capital, the better.

PROCTER & GAMBLE ST. LOUIS EMP. achieved a score of 26 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.65.

PROCTER & GAMBLE ST. LOUIS EMP. appears to be more well prepared for financial trouble than its peers, with a capitalization ratio of 26.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

In this test, Bankrate tries to determine the impact of troubled assets, such as past-due loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

Having large numbers of these types of assets could eventually force a credit union to use capital to absorb losses, reducing its cushion of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, resulting in depressed earnings and potentially more risk of a future failure.

PROCTER & GAMBLE ST. LOUIS EMP. 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 .

Earnings score

A credit union's profitability affects its safety and soundness. A credit union can retain its earnings, increasing its capital buffer, or put them to work addressing problematic loans, potentially making the credit union more resilient in times of trouble. Losses, on the other hand, reduce a credit union's ability to do those things.

PROCTER & GAMBLE ST. LOUIS EMP. scored 2 out of a possible 30 on Bankrate's earnings test, less than the national average of 10.11.

PROCTER & GAMBLE ST. LOUIS EMP. had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, an indication that it's outperforming 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.