NAVY FEDERAL CREDIT UNION is just a VIENNA, VA-based, NCUA-insured credit union that exposed its doorways in 1947. Regulatory filings reveal the credit union having assets of $90.57 billion, at the time of December 31, 2017.
The credit union has amassed loans and leases worth $65.88 billion with 14,829 full-time employees. Its 7,542,010 people actually have $62.86 billion in stocks with all the credit union.
Overall, Bankrate believes that, as of December 31, 2017, NAVY FEDERAL CREDIT UNION exhibited a superior condition, making the full 5 movie movie stars for security and soundness. Read on for a failure of how a credit union faired regarding the three major requirements Bankrate utilized to guage US credit unions on security and soundness.
WHAT EXACTLY IS SECURE?
Capital will act as a pillow against losings so when security for users each time a credit union is struggling economically. Consequently, in terms of calculating an institution that is an monetary resilience, money is advantageous. In terms of security and soundness, the larger the money, the greater.
NAVY FEDERAL CREDIT UNION received a rating of 14 away from a feasible 30 points on our test to gauge the adequacy of a credit union’s money, lower than the nationwide average of 15.65.
NAVY FEDERAL CREDIT UNION’s capitalization ratio of 14.00 % inside our test ended up being less than the common for many credit unions, suggesting that it is on less solid financial footing than its peers.
In this test, Bankrate attempts to figure out the impact of issue assets, such as for instance unpaid loans, regarding the credit union’s reserves set aside to pay for loan losings, in addition to general capitalization.
Having plenty of these kind of assets recommends a credit union may ultimately need to use money to soak up losings, reducing its buffer of equity. Additionally means you can find probably be numerous assets which can be in non-accrual status with no longer making profits, leading to depressed profits and possibly more danger of a failure that is future.
NAVY FEDERAL CREDIT UNION scored 40 away from a feasible 40 points on Bankrate’s asset quality test, much better than the average that is national of.
NAVY FEDERAL CREDIT UNION’s ratio of issue assets ended up being 0.00 % inside our test, under the average that is national potentially indicative of greater economic energy than many other credit unions.
A credit union’s capacity to build an income has an impact on its security and soundness. Profits might be retained because of the credit union, offering a good start to its money pillow, or be utilized to cope with problematic loans, most most likely making the credit union better in a position to withstand trouble that is economic. Losses, having said that, reduce a credit union’s capability to do those actions.
An earnings were had by the credit union ratio of 0.00 % inside our test, over the average for many credit unions, suggesting it’s operating in front of its peers in this region.
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