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Overview / Commentary
4164 Virginia Beach Blvd
Virginia Beach, VA 23452

Beach Municipal Credit Union is headquartered in Virginia Beach and is the 40th largest credit union in the state of Virginia. It is also the 1,409th largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 35 employees and 10,144 members. Beach Municipal Credit Union's savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee, appointed member or volunteer of the City of Virginia Beach. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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 Beach Municipal Credit Union had $1.02 million in non-current loans and owned real-estate with $12.46 million in equity and loan loss allowances on hand to cover it. This gives Beach Municipal Credit Union a Texas Ratio of 8.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Beach Municipal Credit Union decreased slightly from 10.18% as of March 31, 2013 to 8.21% as of March 31, 2014, resulting in a positive change of 19.33%.This indicates that the balance sheet and financial strength for Beach Municipal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Beach Municipal Credit Union has decreased its total deposits by -$1.36 million, resulting in -1.35% 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 Beach Municipal Credit Union has shown is average.



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. Beach Municipal Credit Union has $111.61 million in assets with $12.46 million in equity, resulting in a capitalization level of 11.16%, which is excellent.

Institution Statistics

NCUA #20394
Year Chartered1970
Primary Regulator
Assets and Liabilities
Assets$111.61 million
Loans$58.32 million
Deposits$98.89 million
Equity Capital$12.12 million
Loan Loss Allowance$342,000
Unbacked Noncurrent Loans$471,000
Real Estate Owned$552,000
Historic Data - March 2013
Assets$112.20 million
Equity Capital$11.45 million
Loan Loss Allowance$600,000
Unbacked Noncurrent Loans$471,000
Real Estate Owned$167,000
Profit Margin - Quarterly
Net Interest Margin1.37%
Return on Assets0.51%
Return on Equity4.72%
Interest Income$945,000

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Beach Municipal Credit Union Savings Account Rates

1.35%$50-Me Too Share Certificate
0.30%--IRA Share Account
0.15%$1k-Share Account
0.15%--Long John Saver
0.15%--Holiday Club
0.15%--The Pipeline
0.15%--Vacation Club

Beach Municipal Credit Union Money Market Rates

0.40%$100k-Money Market Account

Beach Municipal Credit Union Checking Account Rates

0.05%$500-Share Draft Checking Account

Beach Municipal Credit Union CD Rates

1.39%$500-60 Month Share Certificate
0.92%$10k-30 Month Share Certificate
0.85%$10k-24 Month Share Certificate
0.80%$10k-18 Month Share Certificate
0.67%$10k-12 Month Share Certificate
0.36%$10k-6 Month Share Certificate
0.16%$1k-91 Day Share Certificate

Beach Municipal Credit Union Locations
Branch Office2501 Courthouse DrVirginia Beach, VA 23456-9103
Branch Office2476 Nimmo Pkwy Ste 122Virginia Beach, VA 23456-2567
Branch Office4164 Virginia Beach BlvdVirginia Beach, VA 23452