THE INSTITUTION'S SCORE
Capital acts as a bulwark against losses and affords protection for members during periods of financial instability for the credit union. Therefore, when it comes to measuring an a credit union's financial fortitude, capital is key. When it comes to safety and soundness, the more capital, the better.
VERITAS received a score of 10 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, failing to reach the national average of 15.65.
VERITAS appears to be weaker than its peers in this area, with a capitalization ratio of 10.00 percent in our test, below the average for all credit unions.