Safe and Sound

SAN FRANCISCO

SAN FRANCISCO, CA
2
Star Rating
Started in 1954, SAN FRANCISCO is an NCUA-insured credit union based in SAN FRANCISCO, CA. Regulatory filings show the credit union having $1.10 billion in assets, as of December 31, 2017.

Members have $721.5 million on deposit tended by 121 full-time employees. With that footprint, the credit union currently holds loans and leases worth $721.5 million. SAN FRANCISCO's 45,331 members currently have $977.9 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, SAN FRANCISCO exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three key criteria Bankrate used to score U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial strength, capital is valuable. It acts as a bulwark against losses and affords protection for members when a credit union is experiencing financial trouble. From a safety and soundness perspective, the higher the capital, the better.

SAN FRANCISCO received a score of 10 out of a possible 30 points on our test to measure capital adequacy, failing to reach the national average of 15.65.

SAN FRANCISCO's capitalization ratio of 10.00 percent in our test was less than the average for all credit unions, suggesting that it's weaker than its peers.

Asset Quality Score

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

Having large numbers of these types of assets suggests a credit union may have to use capital to absorb losses, reducing 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, resulting in lower earnings and potentially more risk of a future failure.

On Bankrate's test of asset quality, SAN FRANCISCO scored 36 out of a possible 40 points, failing to reach the national average of 38.09 points.

Troubled assets made up 0.00 percent of SAN FRANCISCO's total assets in our test, lower than the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at making money affects its long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or use them to address problematic loans, likely making the credit union more resilient in tough times. Conversely, losses take away from a credit union's ability to do those things.

SAN FRANCISCO fell behind the national average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.

One sign that SAN FRANCISCO is doing better than 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.