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Overview / Commentary
276-632-1679
35 Dupont Rd
Martinsville, VA 24112-4618

Martinsville DuPont Credit Union is headquartered in Martinsville and is the 25th largest credit union in the state of Virginia. It is also the 747th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 58 employees and 27,039 members. Martinsville DuPont Credit Union's money market rates are 25% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

MDCU membership is open to anyone who lives or works in the cities of Martinsville and Danville and the counties of Franklin, Henry, Patrick and Pittsylvania. Membership is also open to anyone who is an immediate family member of a current MDCU member. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 Martinsville DuPont Credit Union had $2.08 million in non-current loans and owned real-estate with $41.63 million in equity and loan loss allowances on hand to cover it. This gives Martinsville DuPont Credit Union a Texas Ratio of 5.00% 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 Martinsville DuPont Credit Union experienced no significant changes from 3.25% as of March 31, 2013 to 5.00% as of March 31, 2014, resulting in a negative change of 53.85%. This indicates that the balance sheet and financial strength for Martinsville DuPont Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Martinsville DuPont Credit Union has increased its total deposits by $1.66 million, resulting in 0.72% 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 Martinsville DuPont 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. Martinsville DuPont Credit Union has $273.96 million in assets with $41.63 million in equity, resulting in a capitalization level of 15.20%, which is excellent.

Institution Statistics

Overall
NCUA #66924
Year Chartered1953
Employees58
Primary Regulator
Assets and Liabilities
Assets$273.96 million
Loans$141.53 million
Deposits$232.43 million
Equity Capital$40.77 million
Loan Loss Allowance$859,000
Unbacked Noncurrent Loans$1.52 million
Real Estate Owned$565,000
Historic Data - March 2013
Assets$270.00 million
Equity Capital$38.92 million
Loan Loss Allowance$620,000
Unbacked Noncurrent Loans$1.52 million
Real Estate Owned$832,000
Profit Margin - Quarterly
Return on Assets0.33%
Return on Equity2.22%
Interest Income$1.86 million
Rates

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Martinsville DuPont Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--Savings Account
0.40%--Club Account
0.40%--IRA Shares

Martinsville DuPont Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$80k-Performance Money Market

Martinsville DuPont Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Checking Account

Martinsville DuPont Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$2,500-5 Year CD
0.95%$2,500-4 Year CD
0.80%$2,500-3 Year CD
0.70%$2,500-2 Year CD
0.55%$2,500-1 Year CD
0.45%$2,500-6 Month CD

Martinsville DuPont Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$2,500-5 Year IRA
0.95%$2,500-4 Year IRA
0.80%$2,500-3 Year IRA
0.70%$2,500-2 Year IRA
0.55%$2,500-1 Year IRA
0.45%$2,500-6 Month IRA
Locations


Martinsville DuPont Credit Union Locations
Branch Office1081 Old Franklin TpkeRocky Mount, VA 241512806
Branch Office41 Wheeler AveCollinsville, VA 24078-2417
Branch Office35 Dupont RdMartinsville, VA 24112-4618