Safe and Sound

ST JOE VALLEY

ST MARIES, ID
2
Star Rating
ST JOE VALLEY is an NCUA-insured credit union started in 1959 and currently headquartered in ST MARIES, ID. Regulatory filings show the credit union having assets of $8.9 million, as of December 31, 2017.

With 2 full-time employees, the credit union has amassed loans and leases worth $4.4 million. ST JOE VALLEY's 1,142 members currently have $8.1 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, ST JOE VALLEY exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's an analysis of how the credit union faired on the three important criteria Bankrate used to evaluate American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial stability, capital is crucial. It acts as a cushion against losses and affords protection for members when a credit union is experiencing economic trouble. When it comes to safety and soundness, more capital is preferred.

ST JOE VALLEY received a score of 2 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, coming in below the national average of 15.65.

ST JOE VALLEY had a capitalization ratio of 2.00 percent in our test, 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 estimate the effect of troubled assets, such as past-due loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

A credit union with lots of these types of assets may eventually have to use capital to cover losses, diminishing its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, diminishing earnings and increasing the chances of a future failure.

ST JOE VALLEY did better than the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

A lower-than-average ratio of problem assets of 0.00 percent in our test was potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at earning money affects its safety and soundness. A credit union can retain its earnings, boosting its capital buffer, or put them to work addressing problematic loans, likely making the credit union more resilient in tough times. Conversely, losses reduce a credit union's ability to do those things.

ST JOE VALLEY scored 0 out of a possible 30 on Bankrate's earnings test, less than the national average of 10.11.

ST JOE VALLEY had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, a sign that it's running ahead of 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.