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Overview / Commentary
3300 Gallows Rd
Falls Church, VA 22042

Healthcare Systems Credit Union is headquartered in Falls Church and is the 59th largest credit union in the state of Virginia. It is also the 2,046th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 21 employees and 10,140 members. Healthcare Systems Credit Union has a B+ health rating.

Field of Membership Restrictions

Must work in the HealthCare Industry in Northern Virginia, Fauquier or Stafford County, District of Columbia or Montgomery or Prince Georges County in Maryland. Also open to employees of Inova Health Care Corporation or several other organizations. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Healthcare Systems Credit Union has a relatively low asset base.

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, 2013 Healthcare Systems Credit Union had $451,000 in non-current loans and owned real-estate with $6.21 million in equity and loan loss allowances on hand to cover it. This gives Healthcare Systems Credit Union a Texas Ratio of 7.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Healthcare Systems Credit Union decreased slightly from 8.92% as of December 31, 2012 to 7.26% as of December 31, 2013, resulting in a positive change of 18.63%.This indicates that the balance sheet and financial strength for Healthcare Systems Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Healthcare Systems Credit Union has decreased its total deposits by $-240,000, resulting in -0.44% 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 Healthcare Systems Credit Union has shown is average.



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. Healthcare Systems Credit Union has $60.76 million in assets with $6.21 million in equity, resulting in a capitalization level of 10.23%, which is above average.

Institution Statistics

NCUA #24564
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$60.76 million
Loans$34.03 million
Deposits$54.81 million
Equity Capital$5.39 million
Loan Loss Allowance$822,000
Unbacked Noncurrent Loans$451,000
Real Estate Owned$0
Historic Data - December 2012
Assets$61.00 million
Equity Capital$5.43 million
Loan Loss Allowance$833,000
Unbacked Noncurrent Loans$451,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.02%
Return on Assets0.53%
Return on Equity5.99%
Interest Income$2.73 million

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Healthcare Systems Credit Union Locations
Branch Office8640 Sudley RdManassas, VA 20110
Branch Office8300 Arlington Blvd Ste E1Fairfax, VA 22031
Branch Office3300 Gallows RdFalls Church, VA 22042
Branch Office4320 Seminary RdAlexandria, VA 22304-1535