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Overview / Commentary
P.O. Box 386
Pearisburg, VA 24134

G E A Employees Credit Union is headquartered in Pearisburg and is the 150th largest credit union in the state of Virginia. It is also the 5,978th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 437 members. G E A Employees 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. G E A Employees Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 G E A Employees Credit Union had $52,000 in non-current loans and owned real-estate with $438,000 in equity and loan loss allowances on hand to cover it. This gives G E A Employees Credit Union a Texas Ratio of 11.87% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for G E A Employees Credit Union increased slightly from 1.15% as of December 31, 2012 to 11.87% as of December 31, 2013, resulting in a negative change of 935.25%. This indicates that the balance sheet and financial strength for G E A Employees Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, G E A Employees Credit Union has increased its total deposits by $12,000, resulting in 0.82% 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 G E A Employees Credit Union has shown is above 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. G E A Employees Credit Union has $1.9 million in assets with $438,000 in equity, resulting in a capitalization level of 23.10%, which is excellent.

Institution Statistics

Overall
NCUA #17675
Year Chartered1966
Employees0
Primary Regulator
Assets and Liabilities
Assets$1.90 million
Loans$667,000
Deposits$1.47 million
Equity Capital$424,000
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$52,000
Real Estate Owned$0
Historic Data - December 2012
Assets$1.88 million
Equity Capital$420,000
Loan Loss Allowance$16,000
Unbacked Noncurrent Loans$52,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.09%
Return on Assets0.16%
Return on Equity0.71%
Interest Income$56,000
Rates

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Locations


G E A Employees Credit Union Locations
Branch Office100 Deerfield Acres StPearisburg, VA 24134