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Overview / Commentary
703-218-9900
P.O. Box 1300
Fairfax, VA 22038

Fairfax County Credit Union is headquartered in Fairfax and is the 23rd largest credit union in the state of Virginia. It is also the 714st largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 52 employees and 14,936 members. Fairfax County Credit Union's money market rates are 25% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Fairfax County. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Fairfax County Credit Union had $6,000 in non-current loans and owned real-estate with $32.07 million in equity and loan loss allowances on hand to cover it. This gives Fairfax County Credit Union a Texas Ratio of 0.02% 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 Fairfax County Credit Union decreased dramatically from 0.08% as of December 31, 2012 to 0.02% as of December 31, 2013, resulting in a positive change of 76.48%.This indicates that the balance sheet and financial strength for Fairfax County Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Fairfax County Credit Union has increased its total deposits by $4.62 million, resulting in 2.4% 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 Fairfax County Credit Union has shown is above average.

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. Fairfax County Credit Union has $280.08 million in assets with $25.64 million in equity, resulting in a capitalization level of 9.15%, which is average.

Institution Statistics

Overall
NCUA #24658
Year Chartered1958
Employees52
Primary Regulator
Assets and Liabilities
Assets$280.08 million
Loans$147.16 million
Deposits$197.25 million
Equity Capital$23.64 million
Secondary Capital$6.44 million
Loan Loss Allowance$2.00 million
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - December 2012
Assets$266.75 million
Equity Capital$24.55 million
Loan Loss Allowance$1.85 million
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.54%
Return on Assets0.88%
Return on Equity10.37%
Interest Income$8.91 million
Rates

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

Fairfax County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%-$500kRoth IRA
0.25%-$500kTraditional IRA
0.10%-$500kRegular Savings Account
0.10%$100-Holiday Club Account
0.10%$100-Vacation Club Account
0.10%$2k-Coverdell ESA

Fairfax County Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k$500kAdvantage Relationship Money Market Account
0.55%$100k$500kCornerstone Relationship Money Market Account
0.30%$100k$500kMoney Market Account
0.30%$100k$500kIRA Money Market Account

Fairfax County Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.02%$25k-Shift Up Checking

Fairfax County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.25%$2,500-72 Month Share Certificate
2.02%$2,500-60 Month Share Certificate
1.45%$5k-66 Month Step Up Share Certificate Special
1.30%$2,500-48 Month Share Certificate
1.00%$2,500-36 Month Share Certificate
0.85%$2,500-24 Month Share Certificate
0.75%$2,500-12 Month Share Certificate
0.40%$2,500-6 Month Share Certificate
0.30%$2,500-3 Month Share Certificate

Fairfax County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.25%$2,500-72 Month IRA Certificate
2.02%$2,500-60 Month IRA Certificate (Traditional,Roth,CESA)
1.45%$5k-66 Month Step Up IRA Certificate Special (Traditional,Roth,CESA)
1.30%$2,500-48 Month IRA Certificate (Traditional,Roth,CESA)
1.00%$2,500-36 Month IRA Certificate (Traditional,Roth,CESA)
0.85%$2,500-24 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$2,500-12 Month IRA Certificate (Traditional,Roth,CESA)
0.40%$2,500-6 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$2,500-3 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Fairfax County Credit Union Locations
Branch Office4201 Members WayFairfax, VA 22030
Branch Office3065 Centreville Rd Unit CHerndon, VA 20171
Branch Office4080 Chain Bridge RdFairfax, VA 22030-4018
Branch Office12000 Government Center PkwyFairfax, VA 22035
Branch Office6506 Loisdale RDSpringfield, VA 22150