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540-332-4590
78 MEDICAL CENTER DR
FISHERSVILLE, VA 22939

Augusta Health Care Credit Union is headquartered in FISHERSVILLE and is the 100th largest credit union in the state of Virginia. It is also the 4,342nd largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 4 employees and 2,448 members. Augusta Health Care Credit Union's savings rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

Augusta Health employees, volunteers and their immediate family members, physicians associated with AH, employees and immediate family members, and employees and immediate family members of area health care facilities are all eligible to join the Credit Union. - 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. Augusta Health Care 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 Augusta Health Care Credit Union had $19,000 in non-current loans and owned real-estate with $958,000 in equity and loan loss allowances on hand to cover it. This gives Augusta Health Care Credit Union a Texas Ratio of 1.98% 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 Augusta Health Care Credit Union decreased slightly from 2.48% as of March 31, 2013 to 1.98% as of March 31, 2014, resulting in a positive change of 20.04%.This indicates that the balance sheet and financial strength for Augusta Health Care Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Augusta Health Care Credit Union has increased its total deposits by $47,000, resulting in 0.46% 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 Augusta Health Care Credit Union has shown is above average.

Capitalization

GRADE:
C

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. Augusta Health Care Credit Union has $11.26 million in assets with $958,000 in equity, resulting in a capitalization level of 8.51%, which is average.

Institution Statistics

Overall
NCUA #66933
Year Chartered1964
Employees4
Primary Regulator
Assets and Liabilities
Assets$11.26 million
Loans$3.96 million
Deposits$10.30 million
Equity Capital$936,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.15 million
Equity Capital$867,000
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.53%
Return on Equity6.41%
Interest Income$82,000
Rates
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Augusta Health Care Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.26%--Traditional IRA Savings
1.26%--Roth IRA Savings
1.26%--Education IRA Savings
0.75%--Christmas Club
0.25%--Regular Share

Augusta Health Care Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%--Money Market Account

Augusta Health Care Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%--24 Months Share Certificate
0.65%--12 Months Share Certificate
0.40%--6 Months Share Certificate
Locations


Augusta Health Care Credit Union Locations
Branch Office78 MEDICAL CENTER DRFISHERSVILLE, VA 22939