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Dinwiddie Education Assoc Credit Union

Dinwiddie Education Assoc Credit Union
Overview / Commentary
11001 Boydton Plank Rd
Dinwiddie, VA 23841

Dinwiddie Education Assoc Credit Union is headquartered in Dinwiddie and is the 151st largest credit union in the state of Virginia. It is also the 6,002nd largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 314 members. Dinwiddie Education Assoc Credit Union has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Dinwiddie Education Assoc Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Dinwiddie Education Assoc Credit Union had $17,000 in non-current loans and owned real-estate with $301,000 in equity and loan loss allowances on hand to cover it. This gives Dinwiddie Education Assoc Credit Union a Texas Ratio of 5.65% 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 Dinwiddie Education Assoc Credit Union decreased dramatically from 20.00% as of December 31, 2012 to 5.65% as of December 31, 2013, resulting in a positive change of 71.76%.This indicates that the balance sheet and financial strength for Dinwiddie Education Assoc Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Dinwiddie Education Assoc Credit Union has decreased its total deposits by $-112,000, resulting in -6.9% 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 Dinwiddie Education Assoc Credit Union has shown is below 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. Dinwiddie Education Assoc Credit Union has $1.81 million in assets with $301,000 in equity, resulting in a capitalization level of 16.66%, which is excellent.

Institution Statistics

Overall
NCUA #13032
Year Chartered1959
Employees0
Primary Regulator
Assets and Liabilities
Assets$1.81 million
Loans$470,000
Deposits$1.51 million
Equity Capital$294,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$17,000
Real Estate Owned$0
Historic Data - December 2012
Assets$1.92 million
Equity Capital$293,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$17,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin11.44%
Return on Assets0.17%
Return on Equity1.02%
Interest Income$67,000
Rates

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Locations


Dinwiddie Education Assoc Credit Union Locations
Branch Office11001 Boydton Plank RdDinwiddie, VA 23841