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Overview / Commentary
1413 N MAIN ST
MARION, VA 24354-4315

Mountain Empire Credit Union is headquartered in MARION and is the 91st largest credit union in the state of Virginia. It is also the 3,843rd largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 8 employees and 4,687 members. Mountain Empire Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Smythe, Wythe or Washington County. - See Details

Reviews (1)


My wife and I used this credit union..BRIEFLY!!!! They are horrid! Rude from the moment you walk in the door. Even after closing our account the sent us statements for over 10 years!!! Yes, you read that correctly. For 10 years they wasted YOUR money stamping envelopes every month to send a zero balance statement to former members. Talk about wasting money!


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. Mountain Empire 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 Mountain Empire Credit Union had $139,000 in non-current loans and owned real-estate with $1.41 million in equity and loan loss allowances on hand to cover it. This gives Mountain Empire Credit Union a Texas Ratio of 9.84% 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 Mountain Empire Credit Union experienced no significant changes from 10.08% as of March 31, 2013 to 9.84% as of March 31, 2014, resulting in a positive change of 2.40%.This indicates that the balance sheet and financial strength for Mountain Empire Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Mountain Empire Credit Union has increased its total deposits by $204,000, resulting in 1.42% 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 Mountain Empire Credit Union has shown is above 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. Mountain Empire Credit Union has $16.08 million in assets with $1.41 million in equity, resulting in a capitalization level of 8.79%, which is average.

Institution Statistics

NCUA #8197
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$16.08 million
Loans$9.94 million
Deposits$14.60 million
Equity Capital$1.26 million
Loan Loss Allowance$158,000
Unbacked Noncurrent Loans$139,000
Real Estate Owned$0
Historic Data - March 2013
Assets$15.94 million
Equity Capital$1.29 million
Loan Loss Allowance$217,000
Unbacked Noncurrent Loans$139,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.1%
Return on Equity-1.27%
Interest Income$156,000

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Mountain Empire Credit Union Locations
Branch Office775 W MAIN ST STE 1WYTHEVILLE, VA 24382-2265
Branch Office1413 N MAIN STMARION, VA 24354-4315