Safe and Sound

ST. LANDRY PARISH

Opelousas, LA
NR
Star Rating
ST. LANDRY PARISH is an NCUA-insured credit union started in 1962 and currently based in Opelousas, LA. The credit union has $5.7 million in assets, according to June 30, 2017, regulatory filings.

Thanks to the work of 3 full-time employees, the credit union currently holds loans and leases worth $2.0 million. Its 3,645 members currently have $5.5 million in shares with the credit union.

Overall, Bankrate did not have enough information on this institution to give it a star rating. Keep reading for a look at how the credit union did on the three important criteria Bankrate used to score U.S. credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital is an essential measurement of a credit union's financial fortitude. It works as a cushion against losses and as protection for members during times of financial instability for the credit union. When looking at safety and soundness, the higher the capital, the better.

ST. LANDRY PARISH came in below the national average of 15.26 on our test to measure the adequacy of a credit union's capital, scoring 0 out of a possible 30 points.

ST. LANDRY PARISH appears to be less well prepared for financial trouble than its peers in this area, with a capitalization ratio of 4.00 percent in our test, below the average for all credit unions.

Asset Quality Score

This test is intended to estimate how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as past-due mortgages.

A credit union with a large number of these types of assets may eventually be required to use capital to absorb losses, decreasing 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 money, decreasing earnings and elevating the chances of a future failure.

ST. LANDRY PARISH scored 0 out of a possible 40 points on Bankrate's asset quality test, lower than the national average of 38.15.

A higher-than-average ratio of problem assets of 101.00 percent in our test was something to watch for the credit union.

Earnings score

A credit union's earnings performance affects its long-term survivability. A credit union can retain its earnings, increasing its capital buffer, or use them to address problematic loans, likely making the credit union better prepared to withstand financial shocks. Conversely, losses take away from a credit union's ability to do those things.

ST. LANDRY PARISH underperformed the average on Bankrate's test of earnings, achieving a score of 0 out of a possible 30.

One sign that ST. LANDRY PARISH is underperforming its peers in this area was its earnings ratio of -57.00 percent in our test, worse 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.