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Inland Motor Employees Credit Union

Inland Motor Employees Credit Union
Overview / Commentary
P.O. Box 3394
Radford, VA 24143

Inland Motor Employees Credit Union is headquartered in Radford and is the 146th largest credit union in the state of Virginia. It is also the 5,876th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 1 employees and 743 members. Inland Motor Employees Credit Union has a C+ health rating.

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Health

Data for Q1 2014

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. Inland Motor Employees Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Inland Motor Employees Credit Union had $27,000 in non-current loans and owned real-estate with $405,000 in equity and loan loss allowances on hand to cover it. This gives Inland Motor Employees Credit Union a Texas Ratio of 6.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Inland Motor Employees Credit Union decreased slightly from 9.05% as of March 31, 2013 to 6.67% as of March 31, 2014, resulting in a positive change of 26.30%.This indicates that the balance sheet and financial strength for Inland Motor Employees Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Inland Motor Employees Credit Union has increased its total deposits by $17,000, resulting in 0.96% 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 Inland Motor Employees Credit Union has shown is above 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. Inland Motor Employees Credit Union has $2.18 million in assets with $405,000 in equity, resulting in a capitalization level of 18.58%, which is excellent.

Institution Statistics

Overall
NCUA #14898
Year Chartered1962
Employees1
Primary Regulator
Assets and Liabilities
Assets$2.18 million
Loans$1.22 million
Deposits$1.79 million
Equity Capital$387,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$27,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.16 million
Equity Capital$385,000
Loan Loss Allowance$13,000
Unbacked Noncurrent Loans$27,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.99%
Return on Assets0.18%
Return on Equity1.03%
Interest Income$30,000
Rates

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Locations


Inland Motor Employees Credit Union Locations
Branch Office201 W Rock RdRadford, VA 24141-4026
Branch Office501 W Main StRadford, VA 24141-1590
Branch Office203A W Rock RdRadford, VA 24141-4026