Safe and Sound

WEST SIDE BAPTIST CHURCH

Saint Louis, MO
4
Star Rating
WEST SIDE BAPTIST CHURCH is an NCUA-insured credit union founded in 1974 and currently based in Saint Louis, MO. As of December 31, 2017, the credit union had assets of $314,492.

The credit union currently holds loans and leases worth $29,538. WEST SIDE BAPTIST CHURCH's 379 members currently have $254,177 in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, WEST SIDE BAPTIST CHURCH exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Here's a breakdown of how the credit union did on the three important criteria Bankrate used to evaluate American credit unions.

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SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital acts as a cushion against losses and as protection for members during times of economic instability for the credit union. It follows then that when it comes to measuring an a credit union's financial fortitude, capital is important. From a safety and soundness perspective, the more capital, the better.

On our test to measure the adequacy of a credit union's capital, WEST SIDE BAPTIST CHURCH scored 30 out of a possible 30 points, better than the national average of 15.65.

WEST SIDE BAPTIST CHURCH's capitalization ratio of 30.00 percent in our test was higher than the average for all credit unions, suggesting that it's stronger than its peers.

Asset Quality Score

This test's purpose is to estimate how the credit union's capitalization and allocated loan loss reserves could be affected by troubled assets, such as past-due loans.

A credit union with lots of these types of assets may eventually have to use capital to cover losses, decreasing 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.

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

A lower-than-average ratio of problem assets of 0.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's profitability affects its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital cushion, or be used to address problematic loans, likely making the credit union better able to withstand financial trouble. Credit unions that are losing money, however, have less ability to do those things.

WEST SIDE BAPTIST CHURCH scored 0 out of a possible 30 on Bankrate's test of earnings, less than the national average of 10.11.

One sign that WEST SIDE BAPTIST CHURCH is outperforming 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.