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Mount Pleasant Baptist Church Credit Union

Mount Pleasant Baptist Church Credit Union
Overview / Commentary
P.O. Box 11146
Alexandria, VA 22312

Mount Pleasant Baptist Church Credit Union is headquartered in Alexandria and is the 164th largest credit union in the state of Virginia. It is also the 6,615st largest credit union in the nation. It was established in 2000 and as of December of 2013, it had grown to 136 members. Mount Pleasant Baptist Church Credit Union has a C+ health rating.

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Health

Data for Q4 2013

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. Mount Pleasant Baptist Church Credit Union has a very low asset base.

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 Mount Pleasant Baptist Church Credit Union had $2,000 in non-current loans and owned real-estate with $23,000 in equity and loan loss allowances on hand to cover it. This gives Mount Pleasant Baptist Church Credit Union a Texas Ratio of 8.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Mount Pleasant Baptist Church Credit Union decreased dramatically from 13.04% as of December 31, 2012 to 8.70% as of December 31, 2013, resulting in a positive change of 33.33%.This indicates that the balance sheet and financial strength for Mount Pleasant Baptist Church Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mount Pleasant Baptist Church Credit Union has increased its total deposits by $9,000, resulting in 7.44% 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 Mount Pleasant Baptist Church Credit Union has shown is excellent.

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. Mount Pleasant Baptist Church Credit Union has $151,000 in assets with $23,000 in equity, resulting in a capitalization level of 15.23%, which is excellent.

Institution Statistics

Overall
NCUA #24640
Year Chartered2000
Employees0
Primary Regulator
Assets and Liabilities
Assets$151,000
Loans$30,000
Deposits$130,000
Equity Capital$21,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$2,000
Real Estate Owned$0
Historic Data - December 2012
Assets$143,000
Equity Capital$21,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$2,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.67%
Return on Assets0%
Return on Equity0%
Interest Income$2,000
Rates

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Locations


Mount Pleasant Baptist Church Credit Union Locations
Branch Office6477 Lincolnia RdAlexandria, VA 22312