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Overview / Commentary
540-332-4590
P.O. Box 1000
Fishersville, VA 22939

Augusta Health Care Credit Union is headquartered in FISHERSVILLE and is the 99th largest credit union in the state of Virginia. It is also the 4,371st largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 3 employees and 2,455 members. Augusta Health Care Credit Union's savings rates are 2X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must be an Augusta Medical Center or an area health care facility employee. - See Details

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Health

Data for Q4 2013

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. Augusta Health Care Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Augusta Health Care Credit Union had $44,000 in non-current loans and owned real-estate with $942,000 in equity and loan loss allowances on hand to cover it. This gives Augusta Health Care Credit Union a Texas Ratio of 4.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Augusta Health Care Credit Union experienced no significant changes from 3.96% as of December 31, 2012 to 4.67% as of December 31, 2013, resulting in a negative change of 17.84%. This indicates that the balance sheet and financial strength for Augusta Health Care Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Augusta Health Care Credit Union has increased its total deposits by $93,000, resulting in 0.95% 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 $10.82 million in assets with $942,000 in equity, resulting in a capitalization level of 8.70%, which is average.

Institution Statistics

Overall
NCUA #66933
Year Chartered1964
Employees3
Primary Regulator
Assets and Liabilities
Assets$10.82 million
Loans$3.96 million
Deposits$9.88 million
Equity Capital$921,000
Loan Loss Allowance$21,000
Unbacked Noncurrent Loans$44,000
Real Estate Owned$0
Historic Data - December 2012
Assets$10.67 million
Equity Capital$866,000
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$44,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.38%
Return on Assets0.5%
Return on Equity5.86%
Interest Income$331,000
Rates
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Augusta Health Care Credit Union Savings Account Rates

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

Augusta Health Care Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%--Money Market Account

Augusta Health Care Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-24 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate
Locations


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