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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 120th largest credit union in the state of Virginia. It is also the 5,103rd largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 3 employees and 1,822 members. Hampton City Emp Credit Union Inc. has a C health rating.

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Health

Data for Q1 2014

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:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Hampton City Emp Credit Union Inc. had $68,000 in non-current loans and owned real-estate with $538,000 in equity and loan loss allowances on hand to cover it. This gives Hampton City Emp Credit Union Inc. a Texas Ratio of 12.64% which is above 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 Hampton City Emp Credit Union Inc. increased slightly from 6.30% as of March 31, 2013 to 12.64% as of March 31, 2014, resulting in a negative change of 100.70%. This indicates that the balance sheet and financial strength for Hampton City Emp Credit Union Inc. has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Hampton City Emp Credit Union Inc. has increased its total deposits by $170,000, resulting in 3.25% 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 excellent.

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 $5.94 million in assets with $538,000 in equity, resulting in a capitalization level of 9.06%, which is average.

Institution Statistics

Overall
NCUA #66950
Year Chartered1955
Employees3
Primary Regulator
Assets and Liabilities
Assets$5.94 million
Loans$3.22 million
Deposits$5.41 million
Equity Capital$527,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$68,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.75 million
Equity Capital$505,000
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$68,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.96%
Return on Assets1.21%
Return on Equity13.66%
Interest Income$63,000
Rates

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Locations


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