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Overview / Commentary
P O Box 1392
Lynchburg, VA 24505

Glamorgan Employees Credit Union is headquartered in Lynchburg and is the 156th largest credit union in the state of Virginia. It is also the 6,277th largest credit union in the nation. It was established in 1969 and as of December of 2013, it had grown to 1 employees and 234 members. Glamorgan 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. Glamorgan Employees Credit Union has a very low asset base.

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 Glamorgan Employees Credit Union had $3,000 in non-current loans and owned real-estate with $415,000 in equity and loan loss allowances on hand to cover it. This gives Glamorgan Employees Credit Union a Texas Ratio of 0.72% 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 Glamorgan Employees Credit Union experienced no significant changes from 0.47% as of December 31, 2012 to 0.72% as of December 31, 2013, resulting in a negative change of 52.89%. This indicates that the balance sheet and financial strength for Glamorgan Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Glamorgan Employees Credit Union has decreased its total deposits by $-38,000, resulting in -6.29% 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 Glamorgan Employees Credit Union has shown is below 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. Glamorgan Employees Credit Union has $931,000 in assets with $415,000 in equity, resulting in a capitalization level of 44.58%, which is excellent.

Institution Statistics

Overall
NCUA #19416
Year Chartered1969
Employees1
Primary Regulator
Assets and Liabilities
Assets$931,000
Loans$378,000
Deposits$566,000
Equity Capital$364,000
Loan Loss Allowance$51,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - December 2012
Assets$979,000
Equity Capital$372,000
Loan Loss Allowance$51,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin10.14%
Return on Assets-0.86%
Return on Equity-2.2%
Interest Income$40,000
Rates

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Locations


Glamorgan Employees Credit Union Locations
Branch Office21 7th StLynchburg, VA 24504-1323