Safe and Sound

SAINT JOHN A M E

NIAGARA FALLS, NY
2
Star Rating
SAINT JOHN A M E is an NCUA-insured credit union founded in 1968 and currently headquartered in NIAGARA FALLS, NY. As of December 31, 2017, the credit union had assets of $182,110.

Its 193 members currently have $124,889 in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $104,370.

Overall, Bankrate believes that, as of December 31, 2017, SAINT JOHN A M E exhibited a below-average condition, earning 2 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 American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and provides protection for members when a credit union is experiencing economic trouble. It follows then that an institution's level of capital is a useful measurement of its financial resilience. From a safety and soundness perspective, more capital is better.

On our test to measure capital adequacy, SAINT JOHN A M E racked up 20 out of a possible 30 points, exceeding the national average of 15.65.

SAINT JOHN A M E appears to be on more solid financial footing than its peers, with a capitalization ratio of 20.00 percent in our test, better than the average for all credit unions.

Asset Quality Score

In this test, Bankrate tries to determine the impact of troubled assets, such as unpaid loans, on the credit union's capitalization and allocated loan loss reserves.

A credit union with large numbers of these kinds of assets may eventually be forced to use capital to cover losses, shrinking its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, pushing down earnings and increasing the risk of a future failure.

SAINT JOHN A M E came in below the national average of 38.09 on Bankrate's asset quality test, racking up 24 out of a possible 40 points .

SAINT JOHN A M E's ratio of problem assets was 0.00 percent in our test, beneath the national average and potentially indicative of greater financial strength than 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, giving a boost to its capital cushion, or put them to work addressing problematic loans, likely making the credit union more resilient in times of trouble. Conversely, losses take away from a credit union's ability to do those things.

On Bankrate's earnings test, SAINT JOHN A M E scored 0 out of a possible 30, failing to reach the national average of 10.11.

SAINT JOHN A M E had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, a sign that it's running ahead of 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.