Safe and Sound

ST. ELIZABETH EMPLS.

APPLETON, WI
3
Star Rating
Started in 1966, ST. ELIZABETH EMPLS. is an NCUA-insured credit union headquartered in APPLETON, WI. As of June 30, 2017, the credit union had assets of $4.5 million.

With 2 full-time employees, the credit union holds loans and leases worth $2.1 million. ST. ELIZABETH EMPLS.'s 1,073 members currently have $3.8 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, ST. ELIZABETH EMPLS. exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three important 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 bulwark against losses and provides protection for members when a credit union is struggling financially. It follows then that when it comes to measuring an a credit union's financial strength, capital is important. When looking at safety and soundness, more capital is preferred.

ST. ELIZABETH EMPLS. achieved a score of 22 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.26.

ST. ELIZABETH EMPLS. appears to be more well prepared for financial trouble than its peers, with a capitalization ratio of 15.00 percent in our test, above the average for all credit unions.

Asset Quality Score

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

Having extensive holdings of these kinds of assets means a credit union may eventually have to use capital to absorb losses, decreasing its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, diminishing earnings and elevating the chances of a failure in the future.

ST. ELIZABETH EMPLS. exceeded the national average of 38.15 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .

A lower-than-average ratio of troubled assets of 3.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's profitability affects its long-term survivability. A credit union can retain its earnings, increasing its capital cushion, or use them to deal with problematic loans, potentially making the credit union better able to withstand financial shocks. Obviously, credit unions that are losing money are less able to do those things.

ST. ELIZABETH EMPLS. fell short of the national average on Bankrate's earnings test, achieving a score of 4 out of a possible 30.

ST. ELIZABETH EMPLS. had an earnings ratio of 1.00 percent in our test, equal to the average for all credit unions, an indication that it's right in line with 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.