Safe and Sound

ST. LOUIS FIREFIGHTERS & COMMUNITY

SAINT LOUIS, MO
4
Star Rating
Started in 1933, ST. LOUIS FIREFIGHTERS & COMMUNITY is an NCUA-insured credit union based in SAINT LOUIS, MO. Regulatory filings show the credit union having assets of $18.6 million, as of December 31, 2017.

Members have $5.3 million on deposit tended by 5 full-time employees. With that footprint, the credit union holds loans and leases worth $5.3 million. Its 1,778 members currently have $16.1 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, ST. LOUIS FIREFIGHTERS & COMMUNITY exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a look at how the credit union did on the three major criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital works as a bulwark against losses and affords protection for members when a credit union is experiencing economic instability. It follows then that when it comes to measuring an a credit union's financial stability, capital is important. When looking at safety and soundness, the higher the capital, the better.

ST. LOUIS FIREFIGHTERS & COMMUNITY scored 18 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, better than the national average of 15.65.

ST. LOUIS FIREFIGHTERS & COMMUNITY appears to be more resilient than its peers, with a capitalization ratio of 18.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

This test's purpose is to try to understand how the credit union's capitalization and allocated loan loss reserves could be affected by troubled assets, such as unpaid loans.

Having a large number of these kinds of assets suggests a credit union may eventually have to use capital to cover losses, shrinking 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, decreasing earnings and elevating the risk of a future failure.

ST. LOUIS FIREFIGHTERS & COMMUNITY scored above the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

Troubled assets made up 0.00 percent of the credit union's total assets in our test, beneath the national average and potentially indicative of greater financial strength than other credit unions.

Earnings score

How successful a credit union is at making money affects its long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or use them to deal with problematic loans, potentially making the credit union better prepared to withstand financial shocks. However, credit unions that are losing money are less able to do those things.

On Bankrate's test of earnings, ST. LOUIS FIREFIGHTERS & COMMUNITY scored 6 out of a possible 30, lower than the national average of 10.11.

One indication that the credit union is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, higher 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.