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Martinsville Postal Credit Union

Martinsville Postal Credit Union
Overview / Commentary
2412 Greensboro Rd
Martinsville, VA 24112

Martinsville Postal Credit Union is headquartered in Martinsville and is the 160th largest credit union in the state of Virginia. It is also the 6,426th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 1 employees and 69 members. Martinsville Postal Credit Union has a C health rating.

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Health

Data for Q1 2014

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Martinsville Postal Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

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 Postal Credit Union had $9,000 in non-current loans and owned real-estate with $45,000 in equity and loan loss allowances on hand to cover it. This gives Martinsville Postal Credit Union a Texas Ratio of 20.00% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Martinsville Postal Credit Union decreased dramatically from 62.96% as of March 31, 2013 to 20.00% as of March 31, 2014, resulting in a positive change of 68.24%.This indicates that the balance sheet and financial strength for Martinsville Postal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Martinsville Postal Credit Union has decreased its total deposits by $-173,000, resulting in -31.23% 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 Postal Credit Union has shown is poor.

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. Martinsville Postal Credit Union has $424,000 in assets with $45,000 in equity, resulting in a capitalization level of 10.61%, which is above average.

Institution Statistics

Overall
NCUA #66925
Year Chartered1949
Employees1
Primary Regulator
Assets and Liabilities
Assets$424,000
Loans$232,000
Deposits$381,000
Equity Capital$43,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$9,000
Real Estate Owned$0
Historic Data - March 2013
Assets$605,000
Equity Capital$51,000
Loan Loss Allowance$3,000
Unbacked Noncurrent Loans$9,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.32%
Return on Assets-2.83%
Return on Equity-27.91%
Interest Income$6,000
Rates

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Locations


Martinsville Postal Credit Union Locations
Branch Office2412 Greensboro RdMartinsville, VA 24112