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3381 Virginia Ave, P.O. Box 361
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 1,510st largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 17 employees and 8,819 members. Celco Credit Union's savings rates are 15% higher than the national average, and it has a B+ 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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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Celco Credit Union has a relatively low asset base.

Texas Ratio


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 Celco Credit Union had $566,000 in non-current loans and owned real-estate with $18.23 million in equity and loan loss allowances on hand to cover it. This gives Celco Credit Union a Texas Ratio of 3.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Celco Credit Union experienced no significant changes from 3.31% as of December 31, 2012 to 3.10% as of December 31, 2013, resulting in a positive change of 6.25%.This indicates that the balance sheet and financial strength for Celco Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Celco Credit Union has decreased its total deposits by $-353,000, resulting in -0.44% 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 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. Celco Credit Union has $97.67 million in assets with $18.23 million in equity, resulting in a capitalization level of 18.67%, which is excellent.

Institution Statistics

NCUA #11254
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$97.67 million
Loans$30.34 million
Deposits$79.48 million
Equity Capital$18.07 million
Loan Loss Allowance$162,000
Unbacked Noncurrent Loans$495,000
Real Estate Owned$71,000
Historic Data - December 2012
Assets$96.82 million
Equity Capital$16.85 million
Loan Loss Allowance$152,000
Unbacked Noncurrent Loans$495,000
Real Estate Owned$117,000
Profit Margin - Quarterly
Net Interest Margin5.55%
Return on Assets0.23%
Return on Equity1.25%
Interest Income$2.38 million
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Celco Credit Union Savings Account Rates

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

Celco Credit Union Locations
Branch Office3381 VIRGINIA AVENARROWS, VA 24124