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Overview / Commentary
703-768-7000
6201 Richmond Hwy
Alexandria, VA 22303-2437

AB&W Credit Union is headquartered in Alexandria and is the 75th largest credit union in the state of Virginia. It is also the 2,950th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 10 employees and 4,423 members. AB&W Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in AB&W Credit Union is open to the following individuals: * Employees of Washington Metropolitan Area Transit Authority (Metro) * Employees of the Society for Human Resource Management (SHRM) * Employees and retired employees of the Richmond, Fredericksburg, and Potomac Railroad * Officers and employees of standard railway labor organizations representing Richmond, Fredericksburg and Potomac Railroad employees * Employees of National Railroad Passenger corporation (AMTRAK) * Employees of American Property Construction Company * Employees of ATE Management & Service Company, Inc. * Employees of this credit union and members of their immediate family * The Board of Directors of this Credit Union and members of their immediate family * The immediate family of current members - 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. AB&W Credit Union has a 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 AB&W Credit Union had $269,000 in non-current loans and owned real-estate with $5.27 million in equity and loan loss allowances on hand to cover it. This gives AB&W Credit Union a Texas Ratio of 5.11% 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 AB&W Credit Union decreased slightly from 5.76% as of March 31, 2013 to 5.11% as of March 31, 2014, resulting in a positive change of 11.26%.This indicates that the balance sheet and financial strength for AB&W Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, AB&W Credit Union has increased its total deposits by $1.45 million, resulting in 6.06% 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 AB&W 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. AB&W Credit Union has $30.56 million in assets with $5.27 million in equity, resulting in a capitalization level of 17.23%, which is excellent.

Institution Statistics

Overall
NCUA #66972
Year Chartered1952
Employees10
Primary Regulator
Assets and Liabilities
Assets$30.56 million
Loans$16.84 million
Deposits$25.33 million
Equity Capital$4.93 million
Loan Loss Allowance$338,000
Unbacked Noncurrent Loans$269,000
Real Estate Owned$0
Historic Data - March 2013
Assets$29.41 million
Equity Capital$4.95 million
Loan Loss Allowance$329,000
Unbacked Noncurrent Loans$269,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.93%
Return on Equity-5.76%
Interest Income$333,000
Rates
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AB&W Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$250-Share Account
0.10%$250-IRA Share
0.10%$100-Christmas Club
0.10%$100-Club Share
0.10%$250-Roth IRA Share
0.10%$250-SEP IRA Share
0.10%$250-ESA Share

AB&W Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-24 Month Share Certificate
1.00%$1k-12 Month Share Certificate
0.60%$1k-6 Month Share Certificate

AB&W Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-24 Month IRA Share Certificate
1.00%$1k-12 Month IRA Share Certificate
0.60%$1k-6 Month IRA Share Certificate
Locations


AB&W Credit Union Locations
Branch Office6201 Richmond HwyAlexandria, VA 22303-2437