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Hampton Roads Catholic Credit Union

Overview / Commentary
757-460-1468
1209 Baker Rd Ste 309
Virginia Beach, VA 23455

Hampton Roads Catholic Credit Union is headquartered in Virginia Beach and is the 122nd largest credit union in the state of Virginia. It is also the 5,255th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 2 employees and 1,137 members. Hampton Roads Catholic Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be a member of one of the select Parishes in Norfolk, Eastern Shore or Virginia Beach. Also open to members of Knights of Columbus Council #367 or #3548. - 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. Hampton Roads Catholic Credit Union 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 Roads Catholic Credit Union had $19,000 in non-current loans and owned real-estate with $411,000 in equity and loan loss allowances on hand to cover it. This gives Hampton Roads Catholic Credit Union a Texas Ratio of 4.62% 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 Roads Catholic Credit Union experienced no significant changes from 0.98% as of December 31, 2012 to 4.62% as of December 31, 2013, resulting in a negative change of 372.69%. This indicates that the balance sheet and financial strength for Hampton Roads Catholic Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Hampton Roads Catholic Credit Union has increased its total deposits by $340,000, resulting in 7.88% 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 Roads Catholic Credit Union 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 Roads Catholic Credit Union has $5.05 million in assets with $411,000 in equity, resulting in a capitalization level of 8.14%, which is average.

Institution Statistics

Overall
NCUA #17832
Year Chartered1966
Employees2
Primary Regulator
Assets and Liabilities
Assets$5.05 million
Loans$2.05 million
Deposits$4.65 million
Equity Capital$396,000
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.71 million
Equity Capital$394,000
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.96%
Return on Assets0.1%
Return on Equity1.26%
Interest Income$176,000
Rates
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Hampton Roads Catholic Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$30k-Investors Club Account
0.25%--Christmas Club Account
0.25%--IRA Share Account
0.10%$4k-Share Account - With Life Savings Insurance
0.10%--Young Savers Club Account
0.10%--Share Account - Without Life Savings Insurance

Hampton Roads Catholic Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Draft Account

Hampton Roads Catholic Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$10k-5 Year Share Certificate
1.10%$10k-4 Year Share Certificate
0.90%$10k-3 Year Share Certificate
0.70%$10k-2 Year Share Certificate
0.60%$10k-1 Year Share Certificate
0.40%$10k-6 Month Share Certificate

Hampton Roads Catholic Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$10k-5 Year IRA Certificate
1.10%$10k-4 Year IRA Certificate
0.90%$10k-3 Year IRA Certificate
0.70%$10k-2 Year IRA Certificate
0.60%$10k-1 Year IRA Certificate
0.40%$10k-6 Month IRA Certificate
Locations


Hampton Roads Catholic Credit Union Locations
Branch Office1209 Baker Rd Ste 309Virginia Beach, VA 23455-3649