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Overview / Commentary
276-632-1679
P.O. Box 2158
Martinsville, VA 24113

Martinsville DuPont Credit Union is headquartered in Martinsville and is the 25th largest credit union in the state of Virginia. It is also the 746th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 56 employees and 26,862 members. Martinsville DuPont Credit Union 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 Q4 2013

Institution Health

A

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 Martinsville DuPont Credit Union had $2.92 million in non-current loans and owned real-estate with $41.37 million in equity and loan loss allowances on hand to cover it. This gives Martinsville DuPont Credit Union a Texas Ratio of 7.05% 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 4.23% as of December 31, 2012 to 7.05% as of December 31, 2013, resulting in a negative change of 66.51%. 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 $872,000, 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 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 $266.25 million in assets with $41.37 million in equity, resulting in a capitalization level of 15.54%, which is excellent.

Institution Statistics

Overall
NCUA #66924
Year Chartered1953
Employees56
Primary Regulator
Assets and Liabilities
Assets$266.25 million
Loans$146.45 million
Deposits$224.98 million
Equity Capital$40.55 million
Loan Loss Allowance$829,000
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$796,000
Historic Data - December 2012
Assets$263.65 million
Equity Capital$38.53 million
Loan Loss Allowance$737,000
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$605,000
Profit Margin - Quarterly
Net Interest Margin4.33%
Return on Assets0.61%
Return on Equity4.03%
Interest Income$7.55 million
Rates
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Martinsville DuPont Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--MDCU Savings Account
0.40%--Club Account

Martinsville DuPont Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--MDCU Checking Accounts

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 (Traditional,Roth,CESA)
0.95%$2,500-4 Year IRA (Traditional,Roth,CESA)
0.80%$2,500-3 Year IRA (Traditional,Roth,CESA)
0.70%$2,500-2 Year IRA (Traditional,Roth,CESA)
0.55%$2,500-1 Year IRA (Traditional,Roth,CESA)
0.45%$2,500-6 Month IRA (Traditional,Roth,CESA)
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