Safe and Sound

THE MOUNT LEBANON

Baltimore, MD
NR
Star Rating
THE MOUNT LEBANON is a Baltimore, MD-based, NCUA-insured credit union dating back to 1970. As of December 31, 2017, the credit union had assets of $531,583.

The credit union currently holds loans and leases worth $373,373. THE MOUNT LEBANON's 332 members currently have $493,752 in shares with the credit union.

Overall, Bankrate did not have enough information on this institution to give it a star rating. Here's an analysis of how the credit union faired on the three major criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial stability, capital is valuable. It works as a cushion against losses and as protection for members when a credit union is experiencing economic instability. When looking at safety and soundness, the higher the capital, the better.

THE MOUNT LEBANON scored below the national average of 15.65 on our test to measure the adequacy of a credit union's capital, achieving a score of 4 out of a possible 30 points.

THE MOUNT LEBANON's capitalization ratio of 4.00 percent in our test was below the average for all credit unions, suggesting that it could be less resilient in a crisis than its peers.

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 problem assets, such as unpaid mortgages.

Having lots of these kinds of assets means a credit union may have to use capital to cover losses, diminishing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, diminishing earnings and increasing the chances of a future failure.

THE MOUNT LEBANON scored below the national average of 38.09 on Bankrate's test of asset quality, racking up 0 out of a possible 40 points .

THE MOUNT LEBANON's ratio of troubled assets was 1.00 percent in our test, identical to the national average.

Earnings score

A credit union's profitability affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital cushion, or be used to deal with problematic loans, potentially making the credit union more resilient in times of trouble. Conversely, losses reduce a credit union's ability to do those things.

THE MOUNT LEBANON scored 0 out of a possible 30 on Bankrate's test of earnings, less than the national average of 10.11.

THE MOUNT LEBANON had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, suggesting that it's doing better than its peers in this area.

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.