Safe and Sound

QUEEN OF PEACE ARLINGTON

ARLINGTON, VA
4
Star Rating
Founded in 1964, QUEEN OF PEACE ARLINGTON is an NCUA-insured credit union headquartered in ARLINGTON, VA. As of December 31, 2017, the credit union had assets of $2.5 million.

The credit union has amassed loans and leases worth $294,927. Its 414 members currently have $2.2 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, QUEEN OF PEACE ARLINGTON exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a look at how the credit union faired on the three key criteria Bankrate used to grade U.S. credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial stability, capital is important. It acts as a buffer against losses and provides protection for members during periods of financial instability for the credit union. When it comes to safety and soundness, the more capital, the better.

QUEEN OF PEACE ARLINGTON scored above the national average of 15.65 points on our test to measure capital adequacy, scoring 18 out of a possible 30 points.

QUEEN OF PEACE ARLINGTON appears to be stronger than its peers, with a capitalization ratio of 18.00 percent in our test, higher than the average for all credit unions.

Asset Quality Score

In this test, Bankrate tries to estimate the impact of problem assets, such as past-due mortgages, on the credit union's loan loss reserves and overall capitalization.

A credit union with large numbers of these types of assets could eventually have to use capital to cover losses, diminishing its equity buffer. 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 lower earnings and potentially more risk of a future failure.

QUEEN OF PEACE ARLINGTON scored 40 out of a possible 40 points on Bankrate's asset quality test, beating out the national average of 38.09.

Earnings score

A credit union's earnings performance has an effect on its long-term survivability. A credit union can retain its earnings, expanding its capital cushion, or use them to deal with problematic loans, potentially making the credit union more resilient in times of trouble. However, credit unions that are losing money have less ability to do those things.

QUEEN OF PEACE ARLINGTON scored 10 out of a possible 30 on Bankrate's earnings test, less than the national average of 10.11.

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