Safe and Sound

SALINA INTERPAROCHIAL

Salina, KS
5
Star Rating
Started in 1961, SALINA INTERPAROCHIAL is an NCUA-insured credit union headquartered in Salina, KS. As of December 31, 2017, the credit union had assets of $17.2 million.

Thanks to the efforts of 3 full-time employees, the credit union holds loans and leases worth $10.3 million. Its 2,051 members currently have $12.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, SALINA INTERPAROCHIAL exhibited a superior condition, earning a full 5 stars for safety and soundness. Keep reading for a look at how the credit union did on the three key criteria Bankrate used to grade American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is an essential measurement of an institution's financial fortitude. It works as a cushion against losses and as protection for members during times of financial trouble for the credit union. When looking at safety and soundness, the more capital, the better.

SALINA INTERPAROCHIAL did better than the national average of 15.65 points on our test to measure capital adequacy, receiving a score of 30 out of a possible 30 points.

SALINA INTERPAROCHIAL's capitalization ratio of 30.00 percent in our test was better than the average for all credit unions, a sign that it's stronger than its peers.

Asset Quality Score

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

A credit union with extensive holdings of these types of assets could eventually be required to use capital to cover losses, cutting down on its equity cushion. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, resulting in lower earnings and potentially more risk of a failure in the future.

On Bankrate's test of asset quality, SALINA INTERPAROCHIAL scored 40 out of a possible 40 points, beating out the national average of 38.09 points.

The credit union's ratio of troubled assets was 0.00 percent in our test, lower 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 affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital buffer, or put them to work addressing 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 test of earnings, SALINA INTERPAROCHIAL scored 4 out of a possible 30, failing to reach the national average of 10.11.

SALINA INTERPAROCHIAL had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, suggesting that it's beating 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.