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Bristol Va School System Credit Union

Bristol Va School System Credit Union
Overview / Commentary
220 Lee St
Bristol, VA 24201

Bristol Va School System Credit Union is headquartered in Bristol and is the 162nd largest credit union in the state of Virginia. It is also the 6,545th largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 152 members. Bristol Va School System Credit Union has a C+ health rating.

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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. Bristol Va School System Credit Union has a very 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 Bristol Va School System Credit Union had $0 in non-current loans and owned real-estate with $80,000 in equity and loan loss allowances on hand to cover it. This gives Bristol Va School System Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
D

In the past year, Bristol Va School System Credit Union has decreased its total deposits by $-19,000, resulting in -8.19% 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 Bristol Va School System Credit Union has shown is below average.

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. Bristol Va School System Credit Union has $282,000 in assets with $80,000 in equity, resulting in a capitalization level of 28.37%, which is excellent.

Institution Statistics

Overall
NCUA #11567
Year Chartered1957
Employees0
Primary Regulator
Assets and Liabilities
Assets$282,000
Loans$76,000
Deposits$213,000
Equity Capital$69,000
Loan Loss Allowance$11,000
Real Estate Owned$0
Historic Data - December 2012
Assets$304,000
Equity Capital$72,000
Loan Loss Allowance$10,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin14.47%
Return on Assets-0.35%
Return on Equity-1.45%
Interest Income$11,000
Rates

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Locations


Bristol Va School System Credit Union Locations
Branch Office220 Lee StBristol, VA 24201