Bronco Federal Credit Union

Bronco Federal Credit Union Locations
135 Stewart Drive
Franklin, VA 23851
757-569-6000
www.broncofcu.com

Bronco Federal Credit Union is headquartered in Franklin and is the 27th largest credit union in the state of Virginia. It is also the 863rd largest credit union in the nation. It was established in 1941 and as of September of 2011, it had grown to 65 employees and 20,759 members. Bronco Federal Credit Union has a 2-star health rating.

Bronco Federal Credit Union Routing Number: 251480592

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Competitive 3-Year CD Rate at Bronco FCU in VA - Local Only - 5/11/2010

Bronco Federal Credit Union is offering a few competitive CD rates. The most competitive include a 2.75% APY 36-month CD, a 2.00% APY 24-month CD and a 1.61% APY 12-month CD. Minimum deposit is $1,00 ...

3.90% 15-Month CD at Bronco FCU in Virginia - 1/8/2009

Bronco Federal Credit Union is offering a 3.90% APY 15-month Bump Share Certificate. Minimum deposit is $1,000. It allows the rate to be bumped up during the term to the current 12-month certificate rate. This is also available in an IRA. This rate is...

5.44% 60-Month / 5.25% 13-Month CD at a Virginia CU (Bronco) - 11/23/2007

Bronco Federal Credit Union is offering some competitive certificate rates. There's a special 13-month Bump certificate with a yield of 5.25% APY. The standard 60-month share certificate also has a competitive yield of 5.44% APY. The 24-month and...

6.14% 9-Month CD at a Virginia CU (Bronco) - 7/20/2007

Bronco FCU is offering a special 6.14% APY 9-month certificate. The minimum deposit is $100. A new checking account is required. It's scheduled to last until 8/17/07. This special isn't listed on the credit union's website. A reader emailed me info on...



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

Bronco Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.10%--Share Account
0.10%$100-Coverdell Education Savings Account
0.10%$100-IRA Savings Account
0.10%$100-Roth IRA Savings Account

Bronco Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.70%$100k-Money Market

Bronco Federal Credit Union CD Rates

ApyMinMaxProduct
1.40%$1k-60 Month Share Certificate
0.90%$1k-48 Month Share Certificate
0.80%$1k-36 Month Share Certificate
0.50%$1k-24 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.20%$1k-6 Month Share Certificate

Bronco Federal Credit Union IRA Rates

ApyMinMaxProduct
1.40%$1k-60 Month CESA Certificate
1.40%$1k-60 Month IRA Certificate
1.40%$1k-60 Month Roth IRA Certificate
0.80%$1k-36 Month CESA Certificate
0.80%$1k-36 Month IRA Certificate
0.80%$1k-36 Month Roth IRA Certificate
0.50%$1k-24 Month CESA Certificate
0.50%$1k-24 Month IRA Certificate
0.50%$1k-24 Month Roth IRA Certificate
0.30%$1k-12 Month CESA Certificate
0.30%$1k-12 Month IRA Certificate
0.30%$1k-12 Month Roth IRA Certificate
0.20%$1k-6 Month CESA Certificate
0.20%$1k-6 Month IRA Certificate
0.20%$1k-6 Month Roth IRA Certificate

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


BRONCO
NCUA #4616
BankRate ReportView
Year Established1941
Employees65
Primary Regulator

Assets and Liabilities

Assets$197.14 million
Loans$160.16 million
Deposits$184.40 million
Equity Capital$12.35 million
Loan Loss Allowance$3.04 million
Unbacked Noncurrent Loans$7.24 million
Real Estate Owned$1.85 million

Historic Data - September 2010

Assets$204.10 million
Equity Capital$13.76 million
Loan Loss Allowance$2.90 million
Unbacked Noncurrent Loans$6.75 million
Real Estate Owned$853,000

Profit Margin - Quarterly

Net Interest Margin3.44%
Return on Assets-0.82%
Return on Equity-13.05%
Interest Income$7.11 million
Non-Interest Income$1.54 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 September 30, 2011 Bronco Federal Credit Union had $9.09 million in non-current loans and owned real-estate with $15.38 million in equity and loan loss allowances on hand to cover it. This gives Bronco Federal Credit Union a Texas Ratio of 59.09% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Bronco Federal Credit Union increased slightly from 45.60% as of September 30, 2010 to 59.09% as of September 30, 2011, resulting in a negative change of 29.59%. This indicates that the balance sheet and financial strength for Bronco Federal Credit Union has declined slightly in recent periods.
Deposit Growth2
In the past year, Bronco Federal Credit Union has decreased its total deposits by -$5.45 million, resulting in -2.87% 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 Bronco Federal Credit Union has shown is below average.
Capitalization2
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. Bronco Federal Credit Union has $197.14 million in assets with $15.38 million in equity, resulting in a capitalization level of 7.80%, which is below average.
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