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540-921-2700
3381 VIRGINIA AVE
NARROWS, VA 24124

Celco Credit Union is headquartered in NARROWS and is the 42nd largest credit union in the state of Virginia. It is also the 1,514st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 18 employees and 8,694 members. Celco Credit Union's savings rates are 15% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must be a Celanese employee or be an employee of other select group. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Celco Credit Union had $316,000 in non-current loans and owned real-estate with $18.32 million in equity and loan loss allowances on hand to cover it. This gives Celco Credit Union a Texas Ratio of 1.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Celco Credit Union decreased dramatically from 2.48% as of March 31, 2013 to 1.72% as of March 31, 2014, resulting in a positive change of 30.52%.This indicates that the balance sheet and financial strength for Celco Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Celco Credit Union has increased its total deposits by $1.84 million, resulting in 2.3% 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 Celco Credit Union has shown is above 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. Celco Credit Union has $100.51 million in assets with $18.32 million in equity, resulting in a capitalization level of 18.23%, which is excellent.

Institution Statistics

Overall
NCUA #11254
Year Chartered1956
Employees18
Primary Regulator
Assets and Liabilities
Assets$100.51 million
Loans$30.70 million
Deposits$82.21 million
Equity Capital$18.18 million
Loan Loss Allowance$146,000
Unbacked Noncurrent Loans$250,000
Real Estate Owned$66,000
Historic Data - March 2013
Assets$97.37 million
Equity Capital$16.85 million
Loan Loss Allowance$158,000
Unbacked Noncurrent Loans$250,000
Real Estate Owned$117,000
Profit Margin - Quarterly
Net Interest Margin1.45%
Return on Assets0.43%
Return on Equity2.35%
Interest Income$623,000
Rates
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Celco Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%--IRA Savings
0.30%$50k-Share Savings Account
Locations


Celco Credit Union Locations
Branch Office3381 VIRGINIA AVENARROWS, VA 24124