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 2,526^th largest credit union in the nation. It was established in 1956 and as of March of 2013, it had grown to 20 employees and 6,828 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 Q1 2013

Institution Statistics GUARDIAN NCUA # 11241 BankRate Report View Year Chartered 1956 Employees 20 Primary Regulator Assets and Liabilities Assets $41.76 million Loans $31.64 million Deposits $38.81 million Equity Capital $2.61 million Loan Loss Allowance $578,000 Unbacked Noncurrent Loans $680,000 Real Estate Owned $350,000 Historic Data - March 2012 Assets $43.38 million Equity Capital $2.76 million Loan Loss Allowance $328,000 Unbacked Noncurrent Loans $662,000 Real Estate Owned $354,000 Profit Margin - Quarterly Net Interest Margin 1.75% Return on Assets -0.65% Return on Equity -10.44% Interest Income $587,000 Non-Interest Income $130,000

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 March 31, 2013 Guardian Credit Union had $1.03 million in non-current loans and owned real-estate with $3.18 million in equity and loan loss allowances on hand to cover it. This gives Guardian Credit Union a Texas Ratio of 32.35% 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 held steady from 32.95% as of March 31, 2012 to 32.35% as of March 31, 2013, resulting in a positive change of 1.84%.This indicates that the balance sheet and financial strength for Guardian Credit Union has held steady in recent periods. Deposit Growth In the past year, Guardian Credit Union has decreased its total deposits by -$1.54 million, resulting in -3.8% 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 below 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 $41.76 million in assets with $3.18 million in equity, resulting in a capitalization level of 7.62%, which is below average.

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