Goodyear-Danville Family Credit Union

Goodyear-Danville Family Credit Union is headquartered in DANVILLE and is the 101^st largest credit union in the state of Virginia. It is also the 4,387^th largest credit union in the nation. It was established in 1979 and as of December of 2011, it had grown to 3 employees and 1,980 members. Goodyear-Danville Family Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Goodyear-Danville Family Credit Union Checking Account Rates

Goodyear-Danville Family Credit Union Savings Account Rates

Goodyear-Danville Family Credit Union CD Rates

Data for Q4 2011

Institution Statistics GOODYEAR-DANVILLE FAMILY CREDIT UNI NCUA # 66907 BankRate Report View Year Chartered 1979 Employees 3 Primary Regulator Assets and Liabilities Assets $11.58 million Loans $6.69 million Deposits $9.97 million Equity Capital $1.58 million Loan Loss Allowance $62,000 Unbacked Noncurrent Loans $264,000 Historic Data - December 2010 Assets $9.67 million Equity Capital $1.42 million Loan Loss Allowance $54,000 Unbacked Noncurrent Loans $381,000 Profit Margin - Quarterly Net Interest Margin 7.77% Return on Assets 1.4% Return on Equity 10.27% Interest Income $611,000 Non-Interest Income $14,000

Institution Health Overall Score: 4 out of 5 Texas Ratio 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, 2011 Goodyear-Danville Family Credit Union had $264,000 in non-current loans and owned real-estate with $1.64 million in equity and loan loss allowances on hand to cover it. This gives Goodyear-Danville Family Credit Union a Texas Ratio of 16.10% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Goodyear-Danville Family Credit Union decreased slightly from 25.88% as of December 31, 2010 to 16.10% as of December 31, 2011, resulting in a positive change of 37.81%.This indicates that the balance sheet and financial strength for Goodyear-Danville Family Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Goodyear-Danville Family Credit Union has increased its total deposits by $1.74 million, resulting in 21.12% 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 Goodyear-Danville Family Credit Union has shown is excellent. Capitalization 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. Goodyear-Danville Family Credit Union has $11.58 million in assets with $1.64 million in equity, resulting in a capitalization level of 14.16%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.