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Overview / Commentary
800-782-7599
4495 Crossings Blvd
Prince George, VA 23875

Fort Lee Credit Union is headquartered in Prince George and is the 34th largest credit union in the state of Virginia. It is also the 1,121st largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 41 employees and 15,793 members. Fort Lee Credit Union's money market rates are 14% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work or worship in the counties of Prince George, Dinwiddie, Chesterfield or Sussex or the cities of Petersburg, Hopewell or Colonial Heights. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 Fort Lee Credit Union had $860,000 in non-current loans and owned real-estate with $14.02 million in equity and loan loss allowances on hand to cover it. This gives Fort Lee Credit Union a Texas Ratio of 6.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Fort Lee Credit Union experienced no significant changes from 4.35% as of March 31, 2013 to 6.13% as of March 31, 2014, resulting in a negative change of 40.97%. This indicates that the balance sheet and financial strength for Fort Lee Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Fort Lee Credit Union has increased its total deposits by $4.41 million, resulting in 3.24% 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 Fort Lee 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. Fort Lee Credit Union has $155.1 million in assets with $14.02 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

Overall
NCUA #7722
Year Chartered1952
Employees41
Primary Regulator
Assets and Liabilities
Assets$155.11 million
Loans$65.90 million
Deposits$140.52 million
Equity Capital$13.72 million
Loan Loss Allowance$297,000
Unbacked Noncurrent Loans$860,000
Real Estate Owned$0
Historic Data - March 2013
Assets$150.47 million
Equity Capital$13.61 million
Loan Loss Allowance$550,000
Unbacked Noncurrent Loans$860,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.48%
Return on Assets0.14%
Return on Equity1.57%
Interest Income$1.21 million
Rates

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

Fort Lee Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$300-IRA Share Account
0.50%$300-Roth IRA Share Account
0.50%$300-Coverdell ESA Share Account
0.25%$300-Savings Revolution Account
0.25%$300-Share Savings Account
0.05%$300-Christmas Club Account

Fort Lee Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$75k-Money Market Account

Fort Lee Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$300-Share Draft Checking
0.05%--5 Star Checking

Fort Lee Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$2,500-60 Month Share Certificate
1.00%$2,500-36 Month Share Certificate
0.55%$2,500-12 Month Share Certificate
0.50%$2,500-6 Month Share Certificate

Fort Lee Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$2,500-60 Month IRA Certificate
1.00%$2,500-36 Month IRA Certificate
0.55%$2,500-12 Month IRA Certificate
0.50%$2,500-6 Month IRA Certificate
Locations


Fort Lee Credit Union Locations
Branch Office4495 Crossings BlvdPrince George, VA 23875
Branch Office3510 A AveFort Lee, VA 23801