THE INSTITUTION'S SCORE
Capital acts as a buffer against losses and provides protection for members during periods of economic instability for the credit union. Therefore, when it comes to measuring an a credit union's financial fortitude, capital is essential. When looking at safety and soundness, the more capital, the better.
On our test to measure the adequacy of a credit union's capital, WASHTENAW received a score of 6 out of a possible 30 points, below the national average of 15.65.
WASHTENAW's capitalization ratio of 6.00 percent in our test was worse than the average for all credit unions, suggesting that it's on less solid financial footing than its peers.