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Overview / Commentary
5005 Melrose Ave NW
Roanoke, VA 24017-2339

Fedstar Credit Union is headquartered in Roanoke and is the 98th largest credit union in the state of Virginia. It is also the 4,269th largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 6 employees and 2,569 members. Fedstar Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in select parts of Roanoke, Salem, the Town of Vinton or the town or Botetourt. Also open to employees of several select employer partners. - See Details

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Data for Q1 2014

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. Fedstar Credit Union has a low asset base.

Texas Ratio


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 Fedstar Credit Union had $45,000 in non-current loans and owned real-estate with $1.11 million in equity and loan loss allowances on hand to cover it. This gives Fedstar Credit Union a Texas Ratio of 4.05% 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 Fedstar Credit Union experienced no significant changes from 2.47% as of March 31, 2013 to 4.05% as of March 31, 2014, resulting in a negative change of 63.82%. This indicates that the balance sheet and financial strength for Fedstar Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Fedstar Credit Union has increased its total deposits by $5,000, resulting in 0.05% 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 Fedstar Credit Union has shown is above 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. Fedstar Credit Union has $11.92 million in assets with $1.11 million in equity, resulting in a capitalization level of 9.33%, which is average.

Institution Statistics

NCUA #5486
Year Chartered1947
Primary Regulator
Assets and Liabilities
Assets$11.92 million
Loans$7.20 million
Deposits$10.80 million
Equity Capital$1.05 million
Loan Loss Allowance$63,000
Unbacked Noncurrent Loans$45,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.92 million
Equity Capital$1.04 million
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$45,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.71%
Return on Assets0.3%
Return on Equity3.43%
Interest Income$127,000
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Fedstar Credit Union Savings Account Rates

0.25%--Youth Share Account
0.25%--IRA Account
0.15%$25k-Savings Account
0.15%--Christmas Club Account
0.15%--Vacation Club Account

Fedstar Credit Union Checking Account Rates

0.25%$1k-Premium Draft Account

Fedstar Credit Union Locations
Branch OfficePoff Federal Building 210 Franklin Rd SW Ste 750Roanoke, VA 24011-2208
Branch Office5005 Melrose Ave NWRoanoke, VA 24017-2339