Hampton Roads Educ Credit Union Inc

Hampton Roads Educ Credit Union Inc is headquartered in Hampton and is the 74^th largest credit union in the state of Virginia. It is also the 2,995^th largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 16 employees and 7,299 members. Hampton Roads Educ Credit Union Inc has a 4-star health rating.

Hampton Roads Educ Credit Union Inc Savings Account Rates

Hampton Roads Educ Credit Union Inc CD Rates

Data for Q4 2011

Institution Statistics HAMPTON ROADS EDUC CREDIT UNION INC NCUA # 66913 BankRate Report View Year Chartered 1954 Employees 16 Primary Regulator Assets and Liabilities Assets $28.92 million Loans $14.78 million Deposits $27.17 million Equity Capital $1.58 million Loan Loss Allowance $124,000 Unbacked Noncurrent Loans $154,000 Historic Data - December 2010 Assets $27.45 million Equity Capital $1.85 million Loan Loss Allowance $150,000 Unbacked Noncurrent Loans $129,000 Profit Margin - Quarterly Net Interest Margin 8.46% Return on Assets -0.19% Return on Equity -3.56% Interest Income $1.42 million Non-Interest Income $535,000

Institution Health Overall Score: 4 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 Hampton Roads Educ Credit Union Inc had $154,000 in non-current loans and owned real-estate with $1.7 million in equity and loan loss allowances on hand to cover it. This gives Hampton Roads Educ Credit Union Inc a Texas Ratio of 9.06% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Hampton Roads Educ Credit Union Inc held steady from 6.44% as of December 31, 2010 to 9.06% as of December 31, 2011, resulting in a negative change of 40.74%. This indicates that the balance sheet and financial strength for Hampton Roads Educ Credit Union Inc has held steady in recent periods. Deposit Growth In the past year, Hampton Roads Educ Credit Union Inc has increased its total deposits by $982,000, resulting in 3.75% 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 Educ Credit Union Inc 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. Hampton Roads Educ Credit Union Inc has $28.92 million in assets with $1.7 million in equity, resulting in a capitalization level of 5.87%, which is below average.

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