Safe and Sound

RAPIDES GENERAL HOSPITAL EMPL

ALEXANDRIA, LA
4
Star Rating
Founded in 1952, RAPIDES GENERAL HOSPITAL EMPL is an NCUA-insured credit union based in ALEXANDRIA, LA. As of December 31, 2017, the credit union had assets of $12.0 million.

Thanks to the work of 4 full-time employees, the credit union currently holds loans and leases worth $4.1 million. Its 1,331 members currently have $10.4 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, RAPIDES GENERAL HOSPITAL EMPL exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three important criteria Bankrate used to score American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial fortitude, capital is useful. It works as a bulwark against losses and affords protection for members when a credit union is experiencing economic trouble. When it comes to safety and soundness, more capital is preferred.

RAPIDES GENERAL HOSPITAL EMPL scored above the national average of 15.65 points on our test to measure capital adequacy, receiving a score of 18 out of a possible 30 points.

RAPIDES GENERAL HOSPITAL EMPL appears to be more resilient than its peers, with a capitalization ratio of 18.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

This test's purpose is to estimate how the credit union's capitalization and allocated loan loss reserves could be affected by problem assets, such as past-due loans.

A credit union with a large number of these types of assets may eventually have to use capital to cover losses, reducing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, pushing down earnings and increasing the risk of a failure in the future.

RAPIDES GENERAL HOSPITAL EMPL exceeded 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 RAPIDES GENERAL HOSPITAL EMPL's total assets in our test, lower than the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at earning money has an effect on its long-term survivability. A credit union can retain its earnings, increasing its capital cushion, or use them to deal with problematic loans, likely making the credit union better prepared to withstand financial trouble. Obviously, credit unions that are losing money are less able to do those things.

On Bankrate's earnings test, RAPIDES GENERAL HOSPITAL EMPL scored 2 out of a possible 30, falling short of the national average of 10.11.

One indication that RAPIDES GENERAL HOSPITAL EMPL is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, better 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.