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St. Thomas More Credit Union

St. Thomas More Credit Union
Overview / Commentary
P.O. Box 3526
Arlington, VA 22203

St. Thomas More Credit Union is headquartered in Arlington and is the 159th largest credit union in the state of Virginia. It is also the 6,419st largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 172 members. St. Thomas More Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. St. Thomas More Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 St. Thomas More Credit Union had $21,000 in non-current loans and owned real-estate with $176,000 in equity and loan loss allowances on hand to cover it. This gives St. Thomas More Credit Union a Texas Ratio of 11.93% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for St. Thomas More Credit Union decreased dramatically from 25.42% as of March 31, 2013 to 11.93% as of March 31, 2014, resulting in a positive change of 53.07%.This indicates that the balance sheet and financial strength for St. Thomas More Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, St. Thomas More Credit Union has decreased its total deposits by $-23,000, resulting in -7.64% 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 St. Thomas More Credit Union has shown is below average.

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. St. Thomas More Credit Union has $435,000 in assets with $176,000 in equity, resulting in a capitalization level of 40.46%, which is excellent.

Institution Statistics

Overall
NCUA #20157
Year Chartered1970
Employees0
Primary Regulator
Assets and Liabilities
Assets$435,000
Loans$118,000
Deposits$278,000
Equity Capital$157,000
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$21,000
Real Estate Owned$0
Historic Data - March 2013
Assets$460,000
Equity Capital$159,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$21,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.69%
Return on Assets1.84%
Return on Equity5.1%
Interest Income$4,000
Rates

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Locations


St. Thomas More Credit Union Locations
Branch Office3901 Cathedral LnArlington, VA 22203