Average User Rating:
1 star rating based on 1 review.

HEW Credit Union

P O Box 25516
Alexandria, VA 223135516
800-742-5582
www.hewfcu.com

NCUA

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HEW Credit Union is headquartered in Alexandria and is the 32^nd largest credit union in the state of Virginia. It is also the 1,055^th largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 52 employees and 19,023 members. HEW Credit Union's savings rates are 44% higher than the national average, and it has a 4-star health rating.

Top 5-Year CD Rate at HEW Federal Credit Union in DC - Local Only - 10/2/2012

HEW Federal Credit Union continues to offer a top 5-year CD and IRA CD rate. Its CDs are called Silver Share Certificates, and the 5-year certificate has a 2.02% APY. Minimum deposit is $2,000. The sh ...

Top CD and IRA CD Rates at HEW Federal Credit Union in DC - Local Only - 11/18/2011

Savers in the Washington DC metro area are fortunate to have several credit unions with competitive deposit rates. In September I reported on competitive CD rates at the Department Of Commerce FCU and ...

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See Rates for: Savings | Money Market | CD | IRA

HEW Credit Union Savings Account Rates

Apy	Min	Max	Product
0.75%	$3,500	-	IRA Variable Rate Share
0.75%	$3,500	-	Roth IRA Variable Rate Share
0.75%	$3,500	-	CESA Variable Rate Share
0.40%	$100	-	HEWEY Sub-share Savings
0.05%	$100	-	Regular Share Account
0.05%	$100	-	Holiday Share Account

HEW Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.45%	$100k	-	Money Management Account

HEW Credit Union CD Rates

Apy	Min	Max	Product
2.22%	$1k	-	6 Month HEWEY Share Certificate
2.22%	$1k	-	6 Month Generation APY Share Certificate
1.76%	$2k	-	60 Month Silver Share Certificate
1.26%	$2k	-	36 Month Silver Share Certificate
1.00%	$1k	-	24 Month Silver Share Certificate
0.75%	$1k	-	12 Month Silver Share Certificate
0.60%	$100	-	9 Month Silver Share Certificate
0.40%	$500	-	6 Month Silver Share Certificate

HEW Credit Union IRA Rates

Apy	Min	Max	Product
2.02%	$2k	-	60 Month IRA
2.02%	$2k	-	60 Month Roth IRA
1.51%	$2k	-	36 Month Roth IRA
1.51%	$2k	-	36 Month IRA
1.51%	$500	-	36 Month CESA
1.00%	$500	-	12 Month IRA
1.00%	$500	-	12 Month Roth IRA
1.00%	$500	-	12 Month CESA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

HEW
NCUA #	1407
BankRate Report	View
Year Chartered	1936
Employees	52
Primary Regulator
Assets and Liabilities
Assets	$158.56 million
Loans	$72.13 million
Deposits	$139.59 million
Equity Capital	$16.89 million
Loan Loss Allowance	$1.83 million
Unbacked Noncurrent Loans	$1.87 million
Historic Data - December 2011
Assets	$153.92 million
Equity Capital	$16.07 million
Loan Loss Allowance	$2.68 million
Unbacked Noncurrent Loans	$2.08 million
Profit Margin - Quarterly
Net Interest Margin	6.61%
Return on Assets	0.59%
Return on Equity	5.49%
Interest Income	$6.30 million
Non-Interest Income	$3.46 million

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, 2012 HEW Credit Union had $1.87 million in non-current loans and owned real-estate with $18.72 million in equity and loan loss allowances on hand to cover it. This gives HEW Credit Union a Texas Ratio of 10.01% 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 HEW Credit Union held steady from 11.09% as of December 31, 2011 to 10.01% as of December 31, 2012, resulting in a positive change of 9.71%.This indicates that the balance sheet and financial strength for HEW Credit Union has held steady in recent periods.
Deposit Growth
In the past year, HEW Credit Union has increased its total deposits by $4.19 million, resulting in 3.1% 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 HEW Credit Union 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. HEW Credit Union has $158.56 million in assets with $18.72 million in equity, resulting in a capitalization level of 11.80%, which is above average.

Prospective Members Use Cation If You Desire Full Good Service Financial Partner
1 stars

- yesicount7 - Tuesday, March 19, 2013 - 10:06 PM

As a member of HEW I have always found service to be poor and have taken most loans and deposits elsewhere. Let me define poor service. Phone and online systems down often. Poor hours, closing early. Employees and offices not inviting, poor clothing, language not of an educated financial partner but someone very rough around the edges, offices look and smell old, not welcoming or pleasing to the eye. Online systems are antiquated, slow and new generational banking options not available. CD rates may be good and they may currently be a well capitalized organization but clearly this is at a huge cost of poor infrastructure and low expectations of service. Doors are open but what's truly offered to a member or young adult who needs guidance is non-existent at HEW. Banking with them would be a poor investment of your time.

HEW Credit Union

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