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Overview / Commentary
P.O. Box 37
Hampton, VA 23669

Hampton Va Credit Union is headquartered in Hampton and is the 110st largest credit union in the state of Virginia. It is also the 4,847th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 3 employees and 1,859 members. Hampton Va Credit Union 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 Va 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 Va Credit Union had $70,000 in non-current loans and owned real-estate with $1.16 million in equity and loan loss allowances on hand to cover it. This gives Hampton Va Credit Union a Texas Ratio of 6.06% 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 Va Credit Union experienced no significant changes from 3.38% as of December 31, 2012 to 6.06% as of December 31, 2013, resulting in a negative change of 79.16%. This indicates that the balance sheet and financial strength for Hampton Va Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Hampton Va Credit Union has decreased its total deposits by $-465,000, resulting in -7.08% 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 Va Credit Union has shown is below average.

Capitalization

GRADE:
A+

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 Va Credit Union has $7.42 million in assets with $1.16 million in equity, resulting in a capitalization level of 15.57%, which is excellent.

Institution Statistics

Overall
NCUA #1250
Year Chartered1936
Employees3
Primary Regulator
Assets and Liabilities
Assets$7.42 million
Loans$2.72 million
Deposits$6.10 million
Equity Capital$1.14 million
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$0
Historic Data - December 2012
Assets$7.97 million
Equity Capital$1.20 million
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.72%
Return on Assets-0.81%
Return on Equity-5.28%
Interest Income$267,000
Rates

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Locations


Hampton Va Credit Union Locations
Branch Office28 Averill AveHampton, VA 23667