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Hampton City Emp Credit Union Inc.

Hampton City Emp Credit Union Inc.
Overview / Commentary
22 Lincoln St, 3rd Floor
Hampton, VA 23669

Hampton City Emp Credit Union Inc. is headquartered in Hampton and is the 118st largest credit union in the state of Virginia. It is also the 5,104th largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 2 employees and 1,823 members. Hampton City Emp Credit Union Inc. 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. Hampton City Emp Credit Union Inc. 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 Hampton City Emp Credit Union Inc. had $35,000 in non-current loans and owned real-estate with $530,000 in equity and loan loss allowances on hand to cover it. This gives Hampton City Emp Credit Union Inc. a Texas Ratio of 6.60% 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 Hampton City Emp Credit Union Inc. experienced no significant changes from 4.43% as of December 31, 2012 to 6.60% as of December 31, 2013, resulting in a negative change of 49.02%. This indicates that the balance sheet and financial strength for Hampton City Emp Credit Union Inc. has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Hampton City Emp Credit Union Inc. has increased its total deposits by $107,000, resulting in 2.03% 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 Hampton City Emp Credit Union Inc. 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. Hampton City Emp Credit Union Inc. has $5.88 million in assets with $530,000 in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

Overall
NCUA #66950
Year Chartered1955
Employees2
Primary Regulator
Assets and Liabilities
Assets$5.88 million
Loans$3.24 million
Deposits$5.37 million
Equity Capital$508,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$0
Historic Data - December 2012
Assets$5.79 million
Equity Capital$517,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.86%
Return on Assets-0.14%
Return on Equity-1.57%
Interest Income$264,000
Rates

Sorry, we do not have rate data for Hampton City Emp Credit Union Inc.

Locations


Hampton City Emp Credit Union Inc. Locations
Branch Office22 Lincoln St 3rd floorHampton, VA 23669