THE INSTITUTION'S SCORE
Capital acts as a buffer against losses and as protection for members during periods of economic instability for the credit union. It follows then that when it comes to measuring an an institution's financial resilience, capital is crucial. When looking at safety and soundness, the more capital, the better.
THE NEW ORLEANS FIREMEN'S finished below the national average of 15.65 on our test to measure capital adequacy, scoring 6 out of a possible 30 points.
THE NEW ORLEANS FIREMEN'S had a capitalization ratio of 6.00 percent in our test, lower than the average for all credit unions, a sign that it could be less resilient in a crisis than its peers.