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Overview / Commentary
540-342-3429
419 Rutherford Ave NE
Roanoke, VA 24022

Blue Eagle Credit Union is headquartered in Roanoke and is the 37th largest credit union in the state of Virginia. It is also the 1,292nd largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 36 employees and 11,928 members. Blue Eagle Credit Union has a A+ health rating.

Field of Membership Restrictions

Persons who live, work, worship, volunteer, or attend school in Bedford (City and County), Botetourt County, Craig County, Lynchburg City, Roanoke (City and County), Salem, and Vinton, VA. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Blue Eagle Credit Union had $114,000 in non-current loans and owned real-estate with $15.6 million in equity and loan loss allowances on hand to cover it. This gives Blue Eagle Credit Union a Texas Ratio of 0.73% 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 Blue Eagle Credit Union experienced no significant changes from 0.39% as of March 31, 2013 to 0.73% as of March 31, 2014, resulting in a negative change of 86.30%. This indicates that the balance sheet and financial strength for Blue Eagle Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Blue Eagle Credit Union has increased its total deposits by $10.54 million, resulting in 10.49% 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 Blue Eagle 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. Blue Eagle Credit Union has $126.85 million in assets with $15.6 million in equity, resulting in a capitalization level of 12.30%, which is excellent.

Institution Statistics

Overall
NCUA #68629
Year Chartered1948
Employees36
Primary Regulator
Assets and Liabilities
Assets$126.85 million
Loans$75.25 million
Deposits$111.02 million
Equity Capital$14.79 million
Loan Loss Allowance$818,000
Unbacked Noncurrent Loans$114,000
Real Estate Owned$0
Historic Data - March 2013
Assets$115.17 million
Equity Capital$13.65 million
Loan Loss Allowance$630,000
Unbacked Noncurrent Loans$114,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.57%
Return on Assets0.81%
Return on Equity6.95%
Interest Income$1.24 million
Rates
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Blue Eagle Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-Savings Account
0.50%--Clubs Account
0.50%--IRA Savings Account

Blue Eagle Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-Checking Account

Blue Eagle Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month Certificate
1.50%$500-48-59 Month Certificate
1.25%$500-36-47 Month Certificate
1.00%$500-24-35 Month Certificate
0.75%$500-12-23 Month Certificate
0.50%$500-3 Month Certificate
0.50%$500-6 Month Certificate

Blue Eagle Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month IRA Certificate
1.50%$500-48-59 Month IRA Certificate
1.25%$500-36-47 Month IRA Certificate
1.00%$500-24-35 Month IRA Certificate
0.75%$500-12-23 Month IRA Certificate
Locations


Blue Eagle Credit Union Locations
Branch Office419 Rutherford Ave NERoanoke, VA 24022
Branch Office2121 Electric RdRoanoke, VA 24018
Branch Office3300 Odd Fellows RdLynchburg, VA 24506