Safe and Sound

PUEBLO HORIZONS

PUEBLO, CO
3
Star Rating
PUEBLO HORIZONS is an NCUA-insured credit union started in 1937 and currently based in PUEBLO, CO. As of December 31, 2017, the credit union held assets of $29.0 million.

With 11 full-time employees, the credit union holds loans and leases worth $11.9 million. PUEBLO HORIZONS's 3,171 members currently have $25.2 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, PUEBLO HORIZONS exhibited a generally satisfactory condition, earning 3 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 score U.S. credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial strength, capital is crucial. It works as a buffer against losses and as protection for members when a credit union is struggling financially. From a safety and soundness perspective, more capital is better.

PUEBLO HORIZONS received a score of 14 out of a possible 30 points on our test to measure capital adequacy, less than the national average of 15.65.

PUEBLO HORIZONS had a capitalization ratio of 14.00 percent in our test, below the average for all credit unions, a sign that it could have a harder time weathering financial trouble than its peers.

Asset Quality Score

Bankrate uses this test to determine the impact of problem assets, such as past-due loans, on the credit union's loan loss reserves and overall capitalization.

A credit union with large numbers of these types of assets may eventually be forced to use capital to cover losses, shrinking its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, resulting in diminished earnings and potentially more risk of a future failure.

PUEBLO HORIZONS scored 40 out of a possible 40 points on Bankrate's asset quality test, above the national average of 38.09.

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

Earnings score

How successful a credit union is at making money has an effect on its safety and soundness. Earnings can 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 better able to withstand financial trouble. Losses, on the other hand, lessen a credit union's ability to do those things.

PUEBLO HORIZONS scored 0 out of a possible 30 on Bankrate's earnings test, less than the national average of 10.11.

One indication that PUEBLO HORIZONS is running ahead of 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.