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Itt Roanoke Employees Credit Union

Itt Roanoke Employees Credit Union
Overview / Commentary
7635 Plantation Rd
Roanoke, VA 24019

Itt Roanoke Employees Credit Union is headquartered in Roanoke and is the 125th largest credit union in the state of Virginia. It is also the 5,298th largest credit union in the nation. It was established in 1976 and as of December of 2013, it had grown to 2 employees and 776 members. Itt Roanoke Employees 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. Itt Roanoke Employees 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 Itt Roanoke Employees Credit Union had $18,000 in non-current loans and owned real-estate with $430,000 in equity and loan loss allowances on hand to cover it. This gives Itt Roanoke Employees Credit Union a Texas Ratio of 4.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Itt Roanoke Employees Credit Union decreased dramatically from 6.34% as of December 31, 2012 to 4.19% as of December 31, 2013, resulting in a positive change of 33.95%.This indicates that the balance sheet and financial strength for Itt Roanoke Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Itt Roanoke Employees Credit Union has increased its total deposits by $17,000, resulting in 0.39% 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 Itt Roanoke Employees Credit Union has shown is above average.

Capitalization

GRADE:
C

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. Itt Roanoke Employees Credit Union has $4.84 million in assets with $430,000 in equity, resulting in a capitalization level of 8.89%, which is average.

Institution Statistics

Overall
NCUA #22560
Year Chartered1976
Employees2
Primary Regulator
Assets and Liabilities
Assets$4.84 million
Loans$2.40 million
Deposits$4.42 million
Equity Capital$406,000
Loan Loss Allowance$24,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.96 million
Equity Capital$551,000
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.4%
Return on Assets-2.98%
Return on Equity-35.47%
Interest Income$203,000
Rates

Sorry, we do not have rate data for Itt Roanoke Employees Credit Union

Locations


Itt Roanoke Employees Credit Union Locations
Branch Office7635 Plantation RdRoanoke, VA 24019