Safe and Sound

ALL SAINTS CATHOLIC

Fort Worth, TX
5
Star Rating
Fort Worth, TX-based ALL SAINTS CATHOLIC is an NCUA-insured credit union founded in 1956. Regulatory filings show the credit union having $523,676 in assets, as of December 31, 2017.

ALL SAINTS CATHOLIC's 153 members currently have $424,121 in shares with the credit union. With that footprint, the credit union holds loans and leases worth $287,195.

Overall, Bankrate believes that, as of December 31, 2017, ALL SAINTS CATHOLIC 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 key criteria Bankrate used to evaluate U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is a crucial measurement of a credit union's financial resilience. It acts as a buffer against losses and as protection for members during times of financial instability for the credit union. When looking at safety and soundness, more capital is preferred.

ALL SAINTS CATHOLIC exceeded the national average of 15.65 points on our test to measure the adequacy of a credit union's capital, scoring 28 out of a possible 30 points.

ALL SAINTS CATHOLIC's capitalization ratio of 28.00 percent in our test was better than the average for all credit unions, suggesting that it's more well prepared for financial trouble than its peers.

Asset Quality Score

In this test, Bankrate tries to determine the impact of troubled assets, such as past-due mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.

A credit union with lots of these kinds of assets could eventually be required to use capital to absorb losses, diminishing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, resulting in reduced earnings and potentially more risk of a future failure.

On Bankrate's test of asset quality, ALL SAINTS CATHOLIC scored 40 out of a possible 40 points, above the national average of 38.09 points.

Earnings score

How successful a credit union is at making money affects its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital cushion, or be used to deal with problematic loans, potentially making the credit union better able to withstand economic trouble. Losses, on the other hand, take away from a credit union's ability to do those things.

ALL SAINTS CATHOLIC scored 2 out of a possible 30 on Bankrate's test of earnings, falling short of the national average of 10.11.

The credit union had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, an indication that it's running ahead of its peers in this area.

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.