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135 Stewart Dr
Franklin, VA 23851

Bronco Federal Credit Union is headquartered in Franklin and is the 31st largest credit union in the state of Virginia. It is also the 980th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 65 employees and 21,182 members. Bronco Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in the Virginia counties Isle of Wight and Southampton, and the cities of Chesapeake, Franklin, Portsmouth, Norfolk, Suffolk and Virginia Beach. Also qualified to join are businesses and legal entities of the said locations; spouses of persons who died while within the field of membership; employees of Bronco FCU; volunteers in the community; members of the immediate families or households and organizations of such persons. - 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 Bronco Federal Credit Union had $5.07 million in non-current loans and owned real-estate with $14.83 million in equity and loan loss allowances on hand to cover it. This gives Bronco Federal Credit Union a Texas Ratio of 34.22% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bronco Federal Credit Union decreased slightly from 47.53% as of March 31, 2013 to 34.22% as of March 31, 2014, resulting in a positive change of 28.00%.This indicates that the balance sheet and financial strength for Bronco Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Bronco Federal Credit Union has decreased its total deposits by -$8.32 million, resulting in -4.53% 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.



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 $187.6 million in assets with $14.83 million in equity, resulting in a capitalization level of 7.90%, which is below average.

Institution Statistics

NCUA #4616
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$187.60 million
Loans$143.50 million
Deposits$175.14 million
Equity Capital$12.21 million
Loan Loss Allowance$2.62 million
Unbacked Noncurrent Loans$3.55 million
Real Estate Owned$1.53 million
Historic Data - March 2013
Assets$196.69 million
Equity Capital$12.41 million
Loan Loss Allowance$3.01 million
Unbacked Noncurrent Loans$3.55 million
Real Estate Owned$1.39 million
Profit Margin - Quarterly
Return on Assets0.15%
Return on Equity2.26%
Interest Income$1.74 million
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Bronco Federal Credit Union Savings Account Rates

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

0.20%$50k-Money Market Account

Bronco Federal Credit Union CD Rates

0.85%$1k-60 Month Share Certificate
0.60%$1k-48 Month Share Certificate
0.50%$1k-36 Month Share Certificate
0.30%$1k-24 Month Share Certificate
0.20%$1k-12 Month Share Certificate
0.10%$1k-6 Month Share Certificate

Bronco Federal Credit Union IRA Rates

0.85%$1k-60 Month CESA Certificate
0.85%$1k-60 Month IRA Certificate
0.85%$1k-60 Month Roth IRA Certificate
0.60%$1k-48 Month CESA Certificate
0.60%$1k-48 Month IRA Certificate
0.60%$1k-48 Month Roth IRA Certificate
0.50%$1k-36 Month CESA Certificate
0.50%$1k-36 Month IRA Certificate
0.50%$1k-36 Month Roth IRA Certificate
0.30%$1k-24 Month CESA Certificate
0.30%$1k-24 Month IRA Certificate
0.30%$1k-24 Month Roth IRA Certificate
0.20%$1k-12 Month CESA Certificate
0.20%$1k-12 Month IRA Certificate
0.20%$1k-12 Month Roth IRA Certificate
0.10%$1k-6 Month CESA Certificate
0.10%$1k-6 Month IRA Certificate
0.10%$1k-6 Month Roth IRA Certificate

Bronco Federal Credit Union Locations
Branch Office135 Stewart DrFranklin, VA 23851
Branch Office3075 Godwin BlvdSuffolk, VA 23434
Branch Office206 E 2nd AveFranklin, VA 23851