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Belvoir Federal Credit Union

Belvoir Federal Credit Union Locations
14040 Central Loop
Woodbridge, VA 22193
703-730-1800
www.belvoircreditunion.org

NCUA


Belvoir Federal Credit Union is headquartered in Woodbridge and is the 20th largest credit union in the state of Virginia. It is also the 668th largest credit union in the nation. It was established in 1946 and as of March of 2013, it had grown to 76 employees and 26,088 members. Belvoir Federal Credit Union's CD rates are 6X the national average, and it boasts a 5-star health rating.

Belvoir Federal Credit Union Routing Number: 256078569

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Update on Belvoir Federal Credit Union's Reward Checking Account - 2/14/2013

I first reviewed the Belvoir Federal Credit Union and its reward checking account (called CUXcel Checking) in 2008 . Rates have fallen, but it remains very competitive. At first I considered this acco ...

Belvoir FCU Now Requiring $500 Or More Monthly Deposit To Maintain Cuxcel Checking Dividend Of 3.25% APY (Forum) - 1/15/2013

Just got this notice from Belvoir: --------------------------------------------------------------------------------------------------------------------   Belvoir Federal Credit Union will be implementing changes to our CUXcel Checking and B

High-Interest Reward Checking Account at Belvoir Federal Credit Union in Virginia - 12/3/2008

Update 9/12/09: The balance cap has been reduced to $25,000. Refer to the bottom of the post for the rate history.Belvoir FCU is offering a reward checking account called CU Xcel Checking which pays 4.01% APY on balances up to $25,000 (1.01% for above)...



See Rates for: Checking | Savings | Money Market | CD | IRA

Belvoir Federal Credit Union Checking Account Rates

ApyMinMaxProduct
3.25%-$15kCUXcel
2.02%--Compass Military Checking

Belvoir Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.05%$50-Club
0.05%$50-IRA Share
0.05%$50-Prime Share

Belvoir Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.30%$100k-Money Market

Belvoir Federal Credit Union CD Rates

ApyMinMaxProduct
5.38%-$1k12 Month Young Savers
2.75%-$1k12 Month Small Savers
1.42%$1k-60 Month Share Certificate
1.31%$1k-48 Month Share Certificate
1.11%$1k-36 Month Share Certificate
1.00%$1k-30 Month Share Certificate
0.90%$1k-24 Month Share Certificate
0.75%$1k-18 Month Share Certificate
0.60%$1k-12 Month Share Certificate
0.40%$1k-6 Month Share Certificate

Belvoir Federal Credit Union IRA Rates

ApyMinMaxProduct
1.42%$1k-60 Month IRA Share Certificate
1.31%$1k-48 Month IRA Share Certificate
1.11%$1k-36 Month IRA Share Certificate
1.00%$1k-30 Month IRA Share Certificate
0.90%$1k-24 Month IRA Share Certificate
0.75%$1k-18 Month IRA Share Certificate
0.60%$1k-12 Month IRA Share Certificate
0.60%$500-12 Month Education IRA Share Certificate
0.40%$1k-6 Month IRA Share Certificate

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


BELVOIR
NCUA #5356
BankRate ReportView
Year Chartered1946
Employees76
Primary Regulator

Assets and Liabilities

Assets$309.97 million
Loans$200.57 million
Deposits$286.34 million
Equity Capital$24.98 million
Loan Loss Allowance$1.48 million
Unbacked Noncurrent Loans$1.00 million

Historic Data - March 2012

Assets$296.57 million
Equity Capital$22.81 million
Loan Loss Allowance$2.00 million
Unbacked Noncurrent Loans$953,000

Profit Margin - Quarterly

Net Interest Margin1.01%
Return on Assets0.62%
Return on Equity7.72%
Interest Income$2.64 million
Non-Interest Income$1.28 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 March 31, 2013 Belvoir Federal Credit Union had $1 million in non-current loans and owned real-estate with $26.47 million in equity and loan loss allowances on hand to cover it. This gives Belvoir Federal Credit Union a Texas Ratio of 3.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Belvoir Federal Credit Union held steady from 3.84% as of March 31, 2012 to 3.79% as of March 31, 2013, resulting in a positive change of 1.41%.This indicates that the balance sheet and financial strength for Belvoir Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Belvoir Federal Credit Union has increased its total deposits by $17.29 million, resulting in 6.43% 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 Belvoir Federal Credit Union has shown is excellent.
Capitalization3
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. Belvoir Federal Credit Union has $309.97 million in assets with $26.47 million in equity, resulting in a capitalization level of 8.54%, which is average.
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Fort Belvoir Federal Credit Union Service
1 stars - Anonymous - Friday, February 4, 2011 - 10:18 PM

I've done business with the Fort Belvoir Federal Credit union since 1985. I can just imagine how much money they have profiteered off of me (I don't want to know). They have been inconsiderate, arrogant, condescending, rude and a flat out awful financial experience.

Making matters worse, last year they sold their credit card out to Atira Credit. These guys are atrocious to work with. When you have problems with one you won't get help from the other. It has taken multiple phone calls, letters, and months just to get responses to simple questions.

If you try to cancel the account with the credit union, they say you can't because you still owe the credit card from Atira (but Atira is a separate company). This just can't be legal; if it is, we need to change some laws.

Meanwhile they have started charging a service fee for an inactive account because I won't use direct deposit with them. Pariah!

If you are military, I recommend USAA. Even though I am retired, I still get treated with the same military courtesy, and I can deposit checks from home using a scanner. Someone told me they used their I Phone.

Be wise with your finances, be selective!

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