Guardian Credit Union

Guardian Credit Union is headquartered in Portsmouth and is the 69^th largest credit union in the state of Virginia. It is also the 2,486^th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 22 employees and 6,805 members. Guardian Credit Union has a 2-star health rating.

Related Posts

Guardian Credit Union Checking Account Rates

Guardian Credit Union Savings Account Rates

Guardian Credit Union Money Market Rates

Guardian Credit Union CD Rates

Guardian Credit Union IRA Rates

Data for Q4 2011

Institution Statistics GUARDIAN NCUA # 11241 BankRate Report View Year Chartered 1956 Employees 22 Primary Regulator Assets and Liabilities Assets $41.67 million Loans $28.70 million Deposits $38.69 million Equity Capital $2.74 million Loan Loss Allowance $327,000 Unbacked Noncurrent Loans $847,000 Real Estate Owned $354,000 Historic Data - December 2010 Assets $39.86 million Equity Capital $2.67 million Loan Loss Allowance $270,000 Unbacked Noncurrent Loans $380,000 Real Estate Owned $352,000 Profit Margin - Quarterly Net Interest Margin 6.78% Return on Assets 0.17% Return on Equity 2.52% Interest Income $2.11 million Non-Interest Income $540,000

Institution Health Overall Score: 2 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 Guardian Credit Union had $1.2 million in non-current loans and owned real-estate with $3.06 million in equity and loan loss allowances on hand to cover it. This gives Guardian Credit Union a Texas Ratio of 39.18% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Guardian Credit Union increased slightly from 24.91% as of December 31, 2010 to 39.18% as of December 31, 2011, resulting in a negative change of 57.33%. This indicates that the balance sheet and financial strength for Guardian Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Guardian Credit Union has increased its total deposits by $1.72 million, resulting in 4.66% 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 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 $41.67 million in assets with $3.06 million in equity, resulting in a capitalization level of 7.36%, which is below average.

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