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Queen Of Peace Arlington Credit Union

Overview / Commentary
703-521-8615
2700 19th St S
Arlington, VA 22204

Queen Of Peace Arlington Credit Union is headquartered in Arlington and is the 143rd largest credit union in the state of Virginia. It is also the 5,842nd largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 447 members. Queen Of Peace Arlington Credit Union has a B health rating.

Field of Membership Restrictions

Must be a member or employee of Our Lady, Queen of Peace Church, Arlington Virginia. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Queen Of Peace Arlington Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Queen Of Peace Arlington Credit Union had $12,000 in non-current loans and owned real-estate with $307,000 in equity and loan loss allowances on hand to cover it. This gives Queen Of Peace Arlington Credit Union a Texas Ratio of 3.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Queen Of Peace Arlington Credit Union decreased slightly from 5.45% as of March 31, 2013 to 3.91% as of March 31, 2014, resulting in a positive change of 28.26%.This indicates that the balance sheet and financial strength for Queen Of Peace Arlington Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Queen Of Peace Arlington Credit Union has increased its total deposits by $199,000, resulting in 11.02% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Queen Of Peace Arlington Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Queen Of Peace Arlington Credit Union has $2.31 million in assets with $307,000 in equity, resulting in a capitalization level of 13.30%, which is excellent.

Institution Statistics

Overall
NCUA #16172
Year Chartered1964
Employees0
Primary Regulator
Assets and Liabilities
Assets$2.31 million
Loans$283,000
Deposits$2.00 million
Equity Capital$300,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.12 million
Equity Capital$305,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.07%
Return on Assets0.17%
Return on Equity1.33%
Interest Income$11,000
Rates
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Queen Of Peace Arlington Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25-Regular Share Account
0.15%$25-Christmas Club Account
0.15%$25-Vacation Club Account

Queen Of Peace Arlington Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$10k-48 Month CD
0.80%$10k-36 Month CD
0.60%$10k-24 Month CD
0.40%$10k-12 Month CD
0.30%$10k-6 Month CD
Locations


Queen Of Peace Arlington Credit Union Locations
Branch Office2700 19th St SArlington, VA 22204