Safe and Sound

WASHINGTON TYPOGRAPHIC

Washington, DC
NR
Star Rating
WASHINGTON TYPOGRAPHIC is an NCUA-insured credit union founded in 1954 and currently based in Washington, DC. Regulatory filings show the credit union having assets of $2.0 million, as of December 31, 2017.

The credit union currently holds loans and leases worth $1.1 million. Its 320 members currently have $1.9 million in shares with the credit union.

Overall, Bankrate did not have enough information on this institution to give it a star rating. Here's a breakdown of how the credit union did on the three major criteria Bankrate used to score American credit unions.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital works as a buffer against losses and as protection for members when a credit union is experiencing financial trouble. Therefore, when it comes to measuring an a credit union's financial fortitude, capital is valuable. From a safety and soundness perspective, the higher the capital, the better.

On our test to measure capital adequacy, WASHINGTON TYPOGRAPHIC received a score of 6 out of a possible 30 points, less than the national average of 15.65.

WASHINGTON TYPOGRAPHIC had a capitalization ratio of 6.00 percent in our test, below the average for all credit unions, a sign that it could have a harder time weathering financial trouble 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 unpaid mortgages.

A credit union with lots of these kinds of assets could eventually be forced to use capital to cover losses, shrinking its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, decreasing earnings and elevating the risk of a future failure.

WASHINGTON TYPOGRAPHIC scored 0 out of a possible 40 points on Bankrate's test of asset quality, falling short of the national average of 38.09.

The credit union's ratio of problem assets was 1.00 percent in our test, the same as the national average.

Earnings score

A credit union's earnings performance has an effect on its safety and soundness. A credit union can retain its earnings, increasing its capital cushion, or use them to address problematic loans, potentially making the credit union more resilient in tough times. Obviously, credit unions that are losing money are less able to do those things.

WASHINGTON TYPOGRAPHIC scored 0 out of a possible 30 on Bankrate's test of earnings, lower than the national average of 10.11.

One indication that WASHINGTON TYPOGRAPHIC is running ahead of 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.