Safe and Sound

VERVE, A CREDIT UNION

OSHKOSH, WI
5
Star Rating
Founded in 1938, VERVE, A CREDIT UNION is an NCUA-insured credit union based in OSHKOSH, WI. As of December 31, 2017, the credit union had assets of $914.7 million.

Members have $829.1 million on deposit tended by 227 full-time employees. With that footprint, the credit union holds loans and leases worth $829.1 million. VERVE, A CREDIT UNION's 57,907 members currently have $693.3 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, VERVE, A CREDIT UNION exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three important criteria Bankrate used to grade U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a buffer against losses and affords protection for members during times of financial instability for the credit union. It follows then that when it comes to measuring an an institution's financial fortitude, capital is useful. When looking at safety and soundness, more capital is better.

On our test to measure the adequacy of a credit union's capital, VERVE, A CREDIT UNION received a score of 14 out of a possible 30 points, failing to reach the national average of 15.65.

VERVE, A CREDIT UNION had a capitalization ratio of 14.00 percent in our test, below the average for all credit unions, an indication that it's weaker than its peers.

Asset Quality Score

Bankrate uses this test to determine the impact of problem assets, such as unpaid mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

Having large numbers of these types of assets suggests a credit union could eventually have to use capital to cover losses, decreasing its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, diminishing earnings and increasing the chances of a failure in the future.

VERVE, A CREDIT UNION scored 40 out of a possible 40 points on Bankrate's asset quality test, exceeding the national average of 38.09.

VERVE, A CREDIT UNION's ratio of troubled assets was 0.00 percent in our test, below the national average and suggestive of superior financial strength compared to other credit unions.

Earnings score

A credit union's ability to earn money has an effect on its long-term survivability. A credit union can retain its earnings, giving a boost to its capital buffer, or put them to work addressing problematic loans, potentially making the credit union more resilient in times of trouble. However, credit unions that are losing money have less ability to do those things.

VERVE, A CREDIT UNION exceeded the national average on Bankrate's earnings test, achieving a score of 18 out of a possible 30.

One indication that VERVE, A CREDIT UNION is beating its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.

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.