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Overview / Commentary
703-777-4744
801 Sycolin Rd SE Ste 101
Leesburg, VA 20175

Loudoun Credit Union is headquartered in Leesburg and is the 71st largest credit union in the state of Virginia. It is also the 2,803rd largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 9 employees and 7,310 members. Loudoun Credit Union's money market rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Loudoun County or other select companies. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Loudoun Credit Union has a 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 Loudoun Credit Union had $159,000 in non-current loans and owned real-estate with $3.68 million in equity and loan loss allowances on hand to cover it. This gives Loudoun Credit Union a Texas Ratio of 4.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Loudoun Credit Union experienced no significant changes from 3.68% as of March 31, 2013 to 4.32% as of March 31, 2014, resulting in a negative change of 17.63%. This indicates that the balance sheet and financial strength for Loudoun Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Loudoun Credit Union has increased its total deposits by $2.03 million, resulting in 7.34% 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 Loudoun Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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. Loudoun Credit Union has $33.84 million in assets with $3.68 million in equity, resulting in a capitalization level of 10.87%, which is above average.

Institution Statistics

Overall
NCUA #66954
Year Chartered1978
Employees9
Primary Regulator
Assets and Liabilities
Assets$33.84 million
Loans$12.54 million
Deposits$29.71 million
Equity Capital$3.66 million
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$0
Historic Data - March 2013
Assets$31.68 million
Equity Capital$3.72 million
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.48%
Return on Assets0.05%
Return on Equity0.44%
Interest Income$248,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Loudoun Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Loudoun Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Share Account
0.50%--Roth IRA Share Account
0.25%$200-Regular Share Account
0.25%--Fill In The Blank Savings

Loudoun Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$50k-Money Market Account

Loudoun Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$1k-Senior Advantage Checking Account
0.13%--Everyday Checking Account

Loudoun Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-36 Month CD
1.16%$1k-24 Month CD
0.60%$1k-12 Month CD
0.50%$1k-9 Month CD
0.40%$1k-6 Month CD

Loudoun Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.17%$1k-60 Month Roth CD
1.61%$1k-36 Month IRA CD
1.61%$1k-36 Month Roth CD
1.21%$1k-24 Month IRA CD
1.21%$1k-24 Month Roth CD
Locations


Loudoun Credit Union Locations
Branch Office801 Sycolin Rd SE Ste 101Leesburg, VA 20175
Branch Office112 South St SE Ste ALeesburg, VA 20175