Safe and Sound

CALVARY BAPTIST OF PACOIMA

San Fernando, CA
2
Star Rating
Started in 1973, CALVARY BAPTIST OF PACOIMA is an NCUA-insured credit union headquartered in San Fernando, CA. As of December 31, 2017, the credit union held assets of $115,340.

Its 248 members currently have $102,105 in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $22,200.

Overall, Bankrate believes that, as of December 31, 2017, CALVARY BAPTIST OF PACOIMA exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Keep reading for a look at how the credit union did on the three major criteria Bankrate used to score U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial resilience, capital is key. It works as a bulwark against losses and as protection for members when a credit union is experiencing economic trouble. When it comes to safety and soundness, more capital is better.

CALVARY BAPTIST OF PACOIMA fell below the national average of 15.65 on our test to measure capital adequacy, achieving a score of 14 out of a possible 30 points.

CALVARY BAPTIST OF PACOIMA appears to be weaker than its peers in this area, with a capitalization ratio of 14.00 percent in our test, worse than the average for all credit unions.

Asset Quality Score

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

A credit union with lots of these types of assets could eventually be required to use capital to cover losses, reducing its equity buffer. 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, reducing earnings and increasing the risk of a failure in the future.

On Bankrate's test of asset quality, CALVARY BAPTIST OF PACOIMA scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.

Earnings score

A credit union's earnings performance affects its long-term survivability. Earnings may be retained by the credit union, increasing its capital cushion, or be used to address problematic loans, likely making the credit union better prepared to withstand economic shocks. Conversely, losses diminish a credit union's ability to do those things.

CALVARY BAPTIST OF PACOIMA did below-average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.

One indication that the credit union is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, above 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.