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757-569-6000
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 979th largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 68 employees and 21,324 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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Health

Data for Q4 2013

Institution Health

C

Texas Ratio

GRADE:
C

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 Bronco Federal Credit Union had $6.03 million in non-current loans and owned real-estate with $14.86 million in equity and loan loss allowances on hand to cover it. This gives Bronco Federal Credit Union a Texas Ratio of 40.58% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Bronco Federal Credit Union decreased slightly from 56.65% as of December 31, 2012 to 40.58% as of December 31, 2013, resulting in a positive change of 28.36%.This indicates that the balance sheet and financial strength for Bronco Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Bronco Federal Credit Union has decreased its total deposits by -$13.58 million, resulting in -7.38% 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.

Capitalization

GRADE:
C

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 $182.76 million in assets with $14.86 million in equity, resulting in a capitalization level of 8.13%, which is average.

Institution Statistics

Overall
NCUA #4616
Year Chartered1941
Employees68
Primary Regulator
Assets and Liabilities
Assets$182.77 million
Loans$144.90 million
Deposits$170.35 million
Equity Capital$12.14 million
Loan Loss Allowance$2.73 million
Unbacked Noncurrent Loans$4.74 million
Real Estate Owned$1.29 million
Historic Data - December 2012
Assets$196.59 million
Equity Capital$12.36 million
Loan Loss Allowance$3.14 million
Unbacked Noncurrent Loans$4.74 million
Real Estate Owned$1.32 million
Profit Margin - Quarterly
Net Interest Margin4.41%
Return on Assets-0.1%
Return on Equity-1.5%
Interest Income$7.40 million
Rates
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Bronco Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market Account

Bronco Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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
Locations


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