Safe and Sound

SCIENTIFIC RESEARCH PARTNER'S

Kansas City, MO
2
Star Rating
Founded in 1955, SCIENTIFIC RESEARCH PARTNER'S is an NCUA-insured credit union headquartered in Kansas City, MO. As of June 30, 2017, the credit union held assets of $1.2 million.

The credit union holds loans and leases worth $670,706. SCIENTIFIC RESEARCH PARTNER'S's 417 members currently have $1.1 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, SCIENTIFIC RESEARCH PARTNER'S exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three major criteria Bankrate used to evaluate American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and as protection for members when a credit union is struggling financially. It follows then that an institution's level of capital is a crucial measurement of its financial strength. When looking at safety and soundness, the higher the capital, the better.

SCIENTIFIC RESEARCH PARTNER'S came in below the national average of 15.26 on our test to measure the adequacy of a credit union's capital, scoring 4 out of a possible 30 points.

SCIENTIFIC RESEARCH PARTNER'S's capitalization ratio of 6.00 percent in our test was less than the average for all credit unions, suggesting that it's weaker than its peers.

Asset Quality Score

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

A credit union with a large number of these kinds of assets may eventually be required to use capital to cover losses, cutting down on its equity buffer. 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 diminished earnings and potentially more risk of a failure in the future.

SCIENTIFIC RESEARCH PARTNER'S scored below the national average of 38.15 on Bankrate's asset quality test, racking up 36 out of a possible 40 points .

The credit union's ratio of troubled assets was 9.00 percent in our test, exceeding the national average and something to keep an eye on.

Earnings score

How successful a credit union is at earning money affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital buffer, or use them to deal with problematic loans, potentially making the credit union better prepared to withstand financial shocks. Credit unions that are losing money, however, are less able to do those things.

SCIENTIFIC RESEARCH PARTNER'S fell behind the national average on Bankrate's test of earnings, achieving a score of 0 out of a possible 30.

One indication that SCIENTIFIC RESEARCH PARTNER'S is performing behind its peers in this area was its earnings ratio of -9.00 percent in our test, lower 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.