Safe and Sound

SUPERIOR CREDIT UNION, INC

LIMA, OH
5
Star Rating
SUPERIOR CREDIT UNION, INC is an NCUA-insured credit union started in 1954 and currently headquartered in LIMA, OH. Regulatory filings show the credit union having assets of $820.7 million, as of December 31, 2017.

Thanks to the efforts of 168 full-time employees, the credit union currently holds loans and leases worth $508.1 million. SUPERIOR CREDIT UNION, INC's 78,949 members currently have $691.6 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, SUPERIOR CREDIT UNION, INC exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a breakdown of how the credit union did on the three key criteria Bankrate used to evaluate American credit unions on safety and soundness.

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and provides protection for members when a credit union is struggling financially. Therefore, when it comes to measuring an an institution's financial stability, capital is crucial. When it comes to safety and soundness, more capital is preferred.

SUPERIOR CREDIT UNION, INC achieved a score of 18 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.65.

SUPERIOR CREDIT UNION, INC had a capitalization ratio of 18.00 percent in our test, better than the average for all credit unions, suggesting that it could have an easier time weathering financial trouble than its peers.

Asset Quality Score

Bankrate uses this test to estimate the effect of problem assets, such as unpaid loans, on the credit union's loan loss reserves and overall capitalization.

A credit union with extensive holdings of these kinds of assets may eventually be required to use capital to cover losses, decreasing its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, pushing down earnings and elevating the chances of a failure in the future.

SUPERIOR CREDIT UNION, INC exceeded the national average of 38.09 on Bankrate's test of asset quality, racking up 40 out of a possible 40 points .

SUPERIOR CREDIT UNION, INC's ratio of problem assets was 0.00 percent in our test, below the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's earnings performance has an effect on its safety and soundness. Earnings may be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, potentially making the credit union more resilient in times of trouble. However, credit unions that are losing money have less ability to do those things.

SUPERIOR CREDIT UNION, INC scored 18 out of a possible 30 on Bankrate's test of earnings, exceeding the national average of 10.11.

One sign that SUPERIOR CREDIT UNION, INC is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, above 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.