Safe and Sound

TRIAD PARTNERS

GREENSBORO, NC
2
Star Rating
TRIAD PARTNERS is an NCUA-insured credit union started in 1965 and currently headquartered in GREENSBORO, NC. The credit union holds assets of $31.5 million, according to December 31, 2017, regulatory filings.

With 9 full-time employees, the credit union currently holds loans and leases worth $7.1 million. TRIAD PARTNERS's 3,479 members currently have $29.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, TRIAD PARTNERS exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three key criteria Bankrate used to grade American credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial fortitude, capital is essential. It acts as a bulwark against losses and as protection for members when a credit union is struggling financially. When it comes to safety and soundness, the higher the capital, the better.

TRIAD PARTNERS received a score of 2 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 15.65.

TRIAD PARTNERS appears to be on less solid financial footing than its peers in this area, with a capitalization ratio of 2.00 percent in our test, lower than the average for all credit unions.

Asset Quality Score

Bankrate uses this test to estimate the effect of troubled assets, such as past-due mortgages, on the credit union's loan loss reserves and overall capitalization.

Having extensive holdings of these kinds of assets may eventually force a credit union 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 interest for the credit union, diminishing earnings and increasing the risk of a future failure.

TRIAD PARTNERS scored 40 out of a possible 40 points on Bankrate's asset quality test, beating the national average of 38.09.

TRIAD PARTNERS's ratio of problem assets was 0.00 percent in our test, below the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

How successful a credit union is at making money affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or put them to work addressing problematic loans, potentially making the credit union better able to withstand financial shocks. Conversely, losses lessen a credit union's ability to do those things.

On Bankrate's test of earnings, TRIAD PARTNERS scored 0 out of a possible 30, less than the national average of 10.11.

The credit union had an earnings ratio of -1.00 percent in our test, above the average for all credit unions, a sign that it's running ahead of 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.