Cadmus Credit Union Incorporated is headquartered in Richmond and is the 144th largest credit union in the state of Virginia. It is also the 5,887th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 1 employees and 647 members. Cadmus Credit Union Incorporated has a C+ health rating.
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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 Cadmus Credit Union Incorporated had $5,000 in non-current loans and owned real-estate with $560,000 in equity and loan loss allowances on hand to cover it. This gives Cadmus Credit Union Incorporated a Texas Ratio of 0.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Cadmus Credit Union Incorporated has decreased its total deposits by $-151,000, resulting in -8.32% 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 Cadmus Credit Union Incorporated 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. Cadmus Credit Union Incorporated has $2.23 million in assets with $560,000 in equity, resulting in a capitalization level of 25.09%, which is excellent.
|Assets and Liabilities|
|Loan Loss Allowance||$1,000|
|Unbacked Noncurrent Loans||$5,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Loan Loss Allowance||$6,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||10.59%|
|Return on Assets||-0.85%|
|Return on Equity||-3.4%|
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|0.05%||-||-||Regular Share Savings Account|
|0.05%||-||-||Christmas Club Account|
|0.05%||-||-||Vacation Club Account|
|0.15%||$50k||-||12 Month Certificate|
|Cadmus Credit Union Incorporated Locations|
|Branch Office||2901 Byrdhill Rd||Richmond, VA 23228-5805|