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Overview / Commentary
800-659-1850
P.O. Box 1337
Portsmouth, VA 23705

Guardian Credit Union is headquartered in Portsmouth and is the 69th largest credit union in the state of Virginia. It is also the 2,467th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 21 employees and 6,965 members. Guardian Credit Union has a C- health rating.

Field of Membership Restrictions

Must be an active or retired USCG, U.S. Civil Service, Navy, Marine, Air Force or Army personnel. Also open to those who live, work, worship or attend school in Portsmouth, VA. - See Details

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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. Guardian Credit Union has a low asset base.

Texas Ratio

GRADE:
C

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 Guardian Credit Union had $1.71 million in non-current loans and owned real-estate with $3.55 million in equity and loan loss allowances on hand to cover it. This gives Guardian Credit Union a Texas Ratio of 48.11% which is 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 Guardian Credit Union increased slightly from 27.68% as of December 31, 2012 to 48.11% as of December 31, 2013, resulting in a negative change of 73.80%. This indicates that the balance sheet and financial strength for Guardian Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Guardian Credit Union has increased its total deposits by $431,000, resulting in 1.11% 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 Guardian Credit Union has shown is above average.

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. Guardian Credit Union has $42.69 million in assets with $3.55 million in equity, resulting in a capitalization level of 8.32%, which is average.

Institution Statistics

Overall
NCUA #11241
Year Chartered1956
Employees21
Primary Regulator
Assets and Liabilities
Assets$42.69 million
Loans$31.15 million
Deposits$39.37 million
Equity Capital$3.02 million
Loan Loss Allowance$536,000
Unbacked Noncurrent Loans$1.36 million
Real Estate Owned$350,000
Historic Data - December 2012
Assets$41.91 million
Equity Capital$2.70 million
Loan Loss Allowance$470,000
Unbacked Noncurrent Loans$1.36 million
Real Estate Owned$350,000
Profit Margin - Quarterly
Net Interest Margin7.51%
Return on Assets0.8%
Return on Equity11.31%
Interest Income$2.45 million
Rates

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

Guardian Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.04%$100-Primary Share Account
0.04%--Guardian Angel Share Account
0.04%$100-IRA Savings Account
0.04%--Christmas Club Account
0.04%--Vacation Club Account
0.04%$100-Roth IRA Savings Account

Guardian Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.04%$2,500-Investment Club
0.04%$5k-Investment Club +

Guardian Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%$2,500-Share Draft

Guardian Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.04%$500-12 Month Share Certificate
0.04%$500-18 Month Share Certificate
0.04%$500-24 Month Share Certificate
0.04%$500-30 Month Share Certificate
0.04%$500-36 Month Share Certificate
0.04%$500-48 Month Share Certificate
0.04%$500-60 Month Share Certificate
0.04%$5k-6 Month Share Certificate
0.04%$1k-9 Month Add2IT Share Certificate
0.04%$100-12 Month Small Saver Add2IT Share Certificate
0.04%$2,500-14 Month Bump Up + Share Certificate

Guardian Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.04%$500-12 Month IRA Share Certificate (Traditional,Roth)
0.04%$500-18 Month IRA Share Certificate (Traditional,Roth)
0.04%$500-24 Month IRA Share Certificate (Traditional,Roth)
0.04%$500-30 Month IRA Share Certificate (Traditional,Roth)
0.04%$500-36 Month IRA Share Certificate (Traditional,Roth)
0.04%$500-48 Month IRA Share Certificate (Traditional,Roth)
0.04%$500-60 Month IRA Share Certificate (Traditional,Roth)
Locations


Guardian Credit Union Locations
Branch Office1664 Weeksville Rd USCG Support CenterElizabeth City, NC 27909-6752
Branch OfficeUSCG Integrated Support Center Portsmouth 4000 Coast Guard BlvdPortsmouth, VA 23703
Branch Office309 County StPortsmouth, VA 23704-3701