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Overview / Commentary
804-353-8012
1801 Dabney Rd
Richmond, VA 23230

Entrust Financial Credit Union is headquartered in Richmond and is the 56th largest credit union in the state of Virginia. It is also the 1,841st largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 20 employees and 9,968 members. Entrust Financial Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership consists of churches and Christian-based organizations in the Richmond and surrounding area. - See Details

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Health

Data for Q1 2014

Institution Health

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

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 Entrust Financial Credit Union had $132,000 in non-current loans and owned real-estate with $5.9 million in equity and loan loss allowances on hand to cover it. This gives Entrust Financial Credit Union a Texas Ratio of 2.24% 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 Entrust Financial Credit Union decreased dramatically from 5.38% as of March 31, 2013 to 2.24% as of March 31, 2014, resulting in a positive change of 58.43%.This indicates that the balance sheet and financial strength for Entrust Financial Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Entrust Financial Credit Union has increased its total deposits by $2.3 million, resulting in 3.49% 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 Entrust Financial Credit Union has shown is excellent.

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. Entrust Financial Credit Union has $74.33 million in assets with $5.9 million in equity, resulting in a capitalization level of 7.93%, which is below average.

Institution Statistics

Overall
NCUA #68612
Year Chartered1970
Employees20
Primary Regulator
Assets and Liabilities
Assets$74.34 million
Loans$32.73 million
Deposits$68.20 million
Equity Capital$5.68 million
Loan Loss Allowance$215,000
Unbacked Noncurrent Loans$132,000
Real Estate Owned$0
Historic Data - March 2013
Assets$71.53 million
Equity Capital$5.47 million
Loan Loss Allowance$303,000
Unbacked Noncurrent Loans$132,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.39%
Return on Assets0.56%
Return on Equity7.32%
Interest Income$554,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Entrust Financial Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Entrust Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Christmas Club
0.15%--Regular Shares
0.15%--Special Shares
0.15%--Special Clubs

Entrust Financial Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Account

Entrust Financial Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Bonus Checking

Entrust Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$97k-60 Month Jumbo CD
1.36%$500-60 Month Certificate
0.95%$97k-36 Month Jumbo CD
0.90%$500-36 Month Certificate
0.75%$97k-24 Month Jumbo CD
0.70%$500-24 Month Certificate
0.55%$97k-12 Month Jumbo CD
0.55%$97k-18 Month Jumbo CD
0.50%$500-12 Month Certificate
0.50%$500-18 Month Certificate
0.35%$97k-6 Month Jumbo CD
0.30%$500-6 Month Certificate
Locations


Entrust Financial Credit Union Locations
Branch Office1801 Dabney RdRichmond, VA 23230