Safe and Sound

ST. MARKS

New York, NY
NR
Star Rating
Founded in 1943, ST. MARKS is an NCUA-insured credit union headquartered in New York, NY. The credit union holds assets of $374, according to December 31, 2017, regulatory filings.

ST. MARKS's 1 members currently have $0 in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $0.

Overall, Bankrate did not have enough information on this institution to give it a star rating. Here's a breakdown of how the credit union faired on the three important criteria Bankrate used to score American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is an essential measurement of a credit union's financial fortitude. It works as a buffer against losses and affords protection for members when a credit union is struggling financially. When it comes to safety and soundness, the more capital, the better.

ST. MARKS achieved a score of 30 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. MARKS's capitalization ratio of 30.00 percent in our test was above the average for all credit unions, suggesting that it's on more solid financial footing than its peers.

Asset Quality Score

This test's purpose is 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 unpaid mortgages.

Having large numbers of these types of assets may eventually require a credit union to use capital to absorb 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 failure in the future.

ST. MARKS scored 40 out of a possible 40 points on Bankrate's asset quality test, above the national average of 38.09.

Earnings score

How successful a credit union is at earning money affects its safety and soundness. Earnings can be retained by the credit union, giving a boost to its capital cushion, or be used to deal with problematic loans, likely making the credit union more resilient in tough times. Credit unions that are losing money, however, have less ability to do those things.

ST. MARKS scored 0 out of a possible 30 on Bankrate's test of earnings, coming in below the national average of 10.11.

One sign that ST. MARKS is underperforming its peers in this area was its earnings ratio of -44.00 percent in our test, less 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.