Lynchburg Municipal Employees Credit Union is headquartered in Lynchburg and is the 84th largest credit union in the state of Virginia. It is also the 3,478th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 7 employees and 3,622 members. Lynchburg Municipal Employees Credit Union has a B+ health rating.
The field of membership of this credit union is limited to those employed by one of our listed Select Employee Groups. Membership is also available to: spouses of persons who died while within the field of membership of this credit union; employees of this credit union; persons retired as pensioners or annuitants from the above employment; members of their immediate families or households; and organizations of such persons. - See Details
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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 Lynchburg Municipal Employees Credit Union had $0 in non-current loans and owned real-estate with $3.52 million in equity and loan loss allowances on hand to cover it. This gives Lynchburg Municipal Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Lynchburg Municipal Employees Credit Union has increased its total deposits by $384,000, resulting in 2.28% 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 Lynchburg Municipal Employees Credit Union has shown is above 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. Lynchburg Municipal Employees Credit Union has $20.79 million in assets with $3.52 million in equity, resulting in a capitalization level of 16.92%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$3.50 million|
|Loan Loss Allowance||$18,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$3.35 million|
|Loan Loss Allowance||$6,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.14%|
|Return on Assets||0.9%|
|Return on Equity||5.37%|
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|Lynchburg Municipal Employees Credit Union Locations|
|Branch Office||3176 Fort Ave||Lynchburg, VA 24501|