Safe and Sound

TRI-RIVERS

MONTGOMERY, AL
1
Star Rating
Started in 1961, TRI-RIVERS is an NCUA-insured credit union based in MONTGOMERY, AL. The credit union has $14.6 million in assets, according to June 30, 2017, regulatory filings.

With 9 full-time employees, the credit union currently holds loans and leases worth $9.2 million. TRI-RIVERS's 4,157 members currently have $13.9 million in shares with the credit union.

Overall, Bankrate did not have enough information on this institution to give it a star rating. Here's a look at how the credit union did on the three key criteria Bankrate used to evaluate American credit unions.

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SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial resilience, capital is crucial. It works as a cushion against losses and affords protection for members when a credit union is experiencing economic instability. When looking at safety and soundness, more capital is better.

TRI-RIVERS received a score of 0 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, coming in below the national average of 15.26.

TRI-RIVERS's capitalization ratio of 2.00 percent in our test was worse than the average for all credit unions, a sign that it's weaker than its peers.

Asset Quality Score

This test is intended to estimate how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by problem assets, such as unpaid mortgages.

A credit union with lots of these types of assets could eventually be forced to use capital to cover losses, cutting down on its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in depressed earnings and potentially more risk of a future failure.

TRI-RIVERS scored 0 out of a possible 40 points on Bankrate's test of asset quality, failing to reach the national average of 38.15.

TRI-RIVERS's ratio of problem assets was 81.00 percent in our test, above the national average and a potential cause for concern.

Earnings score

A credit union's ability to earn money affects its long-term survivability. A credit union can retain its earnings, giving a boost to its capital buffer, or use them to address problematic loans, potentially making the credit union more resilient in tough times. Losses, on the other hand, lessen a credit union's ability to do those things.

TRI-RIVERS underperformed the average on Bankrate's test of earnings, achieving a score of 0 out of a possible 30.

TRI-RIVERS had an earnings ratio of -383.00 percent in our test, worse than the average for all credit unions, a sign that it's performing behind 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.