Safe and Sound

THE CREDIT UNION FOR THE BLIND AND

SALT LAKE CITY, UT
2
Star Rating
THE CREDIT UNION FOR THE BLIND AND is a SALT LAKE CITY, UT-based, NCUA-insured credit union that opened its doors in 1975. Regulatory filings show the credit union having assets of $1.2 million, as of December 31, 2017.

The credit union currently holds loans and leases worth $292,932. Its 279 members currently have $433,616 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, THE CREDIT UNION FOR THE BLIND AND exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's a look at how the credit union faired on the three important criteria Bankrate used to evaluate U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and provides protection for members when a credit union is experiencing economic instability. It follows then that when it comes to measuring an an institution's financial stability, capital is useful. When it comes to safety and soundness, more capital is better.

THE CREDIT UNION FOR THE BLIND AND racked up 26 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, beating out the national average of 15.65.

THE CREDIT UNION FOR THE BLIND AND had a capitalization ratio of 26.00 percent in our test, better than the average for all credit unions, a sign that it's more well prepared for financial trouble 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 past-due loans.

A credit union with extensive holdings of these types of assets could eventually have to use capital to absorb losses, reducing its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, pushing down earnings and increasing the risk of a failure in the future.

On Bankrate's asset quality test, THE CREDIT UNION FOR THE BLIND AND scored 28 out of a possible 40 points, failing to reach the national average of 38.09 points.

THE CREDIT UNION FOR THE BLIND AND 's ratio of troubled assets was 0.00 percent in our test, beneath the national average and suggestive of superior financial strength compared to 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 buffer, or put them to work addressing problematic loans, potentially making the credit union more resilient in times of trouble. Conversely, losses take away from a credit union's ability to do those things.

THE CREDIT UNION FOR THE BLIND AND scored 0 out of a possible 30 on Bankrate's earnings test, less than the national average of 10.11.

One indication that THE CREDIT UNION FOR THE BLIND AND is doing better than 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.