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Overview / Commentary
5855 Bremo Rd, Suite 701
Richmond, VA 23226

Life Line Credit Union, Inc. is headquartered in Richmond and is the 111st largest credit union in the state of Virginia. It is also the 4,849th largest credit union in the nation. It was established in 1969 and as of December of 2013, it had grown to 3 employees and 2,090 members. Life Line Credit Union, Inc. has a C- health rating.

Field of Membership Restrictions

Must be an employee of the Bon Secours-Richmond Health Corporation or other select organization. - 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. Life Line Credit Union, Inc. has a very 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 Life Line Credit Union, Inc. had $276,000 in non-current loans and owned real-estate with $449,000 in equity and loan loss allowances on hand to cover it. This gives Life Line Credit Union, Inc. a Texas Ratio of 61.47% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Life Line Credit Union, Inc. decreased dramatically from 150.09% as of December 31, 2012 to 61.47% as of December 31, 2013, resulting in a positive change of 59.05%.This indicates that the balance sheet and financial strength for Life Line Credit Union, Inc. has improved dramatically in recent periods.

Deposit Growth


In the past year, Life Line Credit Union, Inc. has decreased its total deposits by $-281,000, resulting in -3.85% 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 Life Line Credit Union, Inc. has shown is below 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. Life Line Credit Union, Inc. has $7.41 million in assets with $449,000 in equity, resulting in a capitalization level of 6.06%, which is below average.

Institution Statistics

NCUA #66930
Year Chartered1969
Primary Regulator
Assets and Liabilities
Assets$7.41 million
Loans$5.53 million
Deposits$7.01 million
Equity Capital$384,000
Loan Loss Allowance$65,000
Unbacked Noncurrent Loans$149,000
Real Estate Owned$127,000
Historic Data - December 2012
Assets$7.78 million
Equity Capital$468,000
Loan Loss Allowance$73,000
Unbacked Noncurrent Loans$149,000
Real Estate Owned$397,000
Profit Margin - Quarterly
Net Interest Margin6.99%
Return on Assets-1.12%
Return on Equity-21.61%
Interest Income$401,000
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Life Line Credit Union, Inc. Money Market Rates

0.25%$50k-Money Market Account

Life Line Credit Union, Inc. CD Rates

1.11%$1k-36 Month Share Certificate
0.95%$1k-30 Month Share Certificate
0.85%$1k-24 Month Share Certificate
0.75%$1k-18 Month Share Certificate
0.45%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate

Life Line Credit Union, Inc. Locations
Branch Office5855 Bremo Rd Suite 701Richmond, VA 23226
Branch Office1200 New York AveGlen Allen, VA 23060