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P.O. Box 232
Berryville, VA 22611

Midway Credit Union is headquartered in Mount Weather and is the 95th largest credit union in the state of Virginia. It is also the 4,011st largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 2 employees and 1,215 members. Midway Credit Union has a B health rating.

Field of Membership Restrictions

Lifetime membership is available to all persons who work for FEMA, MWEOC, VA-NPSC or the US Army, Corps of Eng., Middle East District, and contractors providing services to the same Federal Agencies. Your immediate family members are eligible to join too! - See Details

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Data for Q1 2014

Institution Health

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

Texas Ratio


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 Midway Credit Union had $35,000 in non-current loans and owned real-estate with $1.98 million in equity and loan loss allowances on hand to cover it. This gives Midway Credit Union a Texas Ratio of 1.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Midway Credit Union decreased dramatically from 4.40% as of March 31, 2013 to 1.77% as of March 31, 2014, resulting in a positive change of 59.83%.This indicates that the balance sheet and financial strength for Midway Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Midway Credit Union has decreased its total deposits by $-282,000, resulting in -2.25% 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 Midway Credit Union has shown is 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. Midway Credit Union has $14.2 million in assets with $1.98 million in equity, resulting in a capitalization level of 13.94%, which is excellent.

Institution Statistics

NCUA #14408
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$14.20 million
Loans$3.11 million
Deposits$12.28 million
Equity Capital$1.91 million
Loan Loss Allowance$71,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.59 million
Equity Capital$2.03 million
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$56,000
Profit Margin - Quarterly
Net Interest Margin1.68%
Return on Assets0.28%
Return on Equity2.1%
Interest Income$107,000
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Midway Credit Union Savings Account Rates

0.20%--Christmas Club
0.20%--Vacation Club

Midway Credit Union CD Rates

1.05%$500-36 Month Share Certificate
0.85%$500-24 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.45%$500-6 Month Share Certificate

Midway Credit Union Locations
Branch Office430 Market StWinchester, VA 22603
Branch Office188 Brooke RdWinchester, VA 22603
Branch Office19844 Blueridge Mountain RdMount Weather, VA 20135-2006