THE INSTITUTION'S SCORE
Capital works as a cushion against losses and affords protection for members when a credit union is experiencing economic trouble. Therefore, when it comes to measuring an a credit union's financial strength, capital is key. When looking at safety and soundness, the more capital, the better.
SPARTANBURG CITY EMPLOYEES scored above the national average of 15.65 points on our test to measure the adequacy of a credit union's capital, racking up 30 out of a possible 30 points.
SPARTANBURG CITY EMPLOYEES's capitalization ratio of 30.00 percent in our test was above the average for all credit unions, an indication that it's more well prepared for financial trouble than its peers.