Safe and Sound

WAYLAND TEMPLE BAPTIST

Philadelphia, PA
3
Star Rating
WAYLAND TEMPLE BAPTIST is an NCUA-insured credit union started in 1975 and currently headquartered in Philadelphia, PA. As of December 31, 2017, the credit union had assets of $207,304.

WAYLAND TEMPLE BAPTIST's 162 members currently have $178,383 in shares with the credit union. With that footprint, the credit union holds loans and leases worth $27,251.

Overall, Bankrate believes that, as of December 31, 2017, WAYLAND TEMPLE BAPTIST exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three important criteria Bankrate used to score American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a bulwark against losses and affords protection for members when a credit union is experiencing financial instability. It follows then that an institution's level of capital is an essential measurement of its financial fortitude. When it comes to safety and soundness, the more capital, the better.

WAYLAND TEMPLE BAPTIST racked up 18 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, above the national average of 15.65.

WAYLAND TEMPLE BAPTIST appears to be more well prepared for financial trouble than its peers, with a capitalization ratio of 18.00 percent in our test, better than the average for all credit unions.

Asset Quality Score

Bankrate uses this test to estimate the effect of troubled assets, such as unpaid loans, on the credit union's capitalization and allocated loan loss reserves.

Having extensive holdings of these types of assets may eventually force a credit union to use capital to cover losses, reducing its buffer of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, pushing down earnings and increasing the risk of a future failure.

On Bankrate's asset quality test, WAYLAND TEMPLE BAPTIST scored 40 out of a possible 40 points, beating out the national average of 38.09 points.

Earnings score

How successful a credit union is at making money affects its safety and soundness. A credit union can retain its earnings, boosting its capital cushion, or use them to deal with problematic loans, likely making the credit union better prepared to withstand financial trouble. Losses, on the other hand, reduce a credit union's ability to do those things.

On Bankrate's earnings test, WAYLAND TEMPLE BAPTIST scored 0 out of a possible 30, coming in below the national average of 10.11.

One indication that the credit union is doing better than 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.