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Overview / Commentary
757-410-2000
755 Battlefield Blvd N
Chesapeake, VA 23320

N A E Credit Union is headquartered in CHESAPEAKE and is the 46th largest credit union in the state of Virginia. It is also the 1,661st largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 36 employees and 14,224 members. N A E Credit Union's savings rates are 83% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer, or go to school in, and businesses and other legal entities in Isle of Wight and Southampton counties, including the cities of Franklin, Chesapeake, Norfolk, Portsmouth, Suffolk, and Virginia Beach in Virginia. - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
A+

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 N A E Credit Union had $139,000 in non-current loans and owned real-estate with $16.16 million in equity and loan loss allowances on hand to cover it. This gives N A E Credit Union a Texas Ratio of 0.86% 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 N A E Credit Union decreased dramatically from 1.45% as of March 31, 2013 to 0.86% as of March 31, 2014, resulting in a positive change of 40.68%.This indicates that the balance sheet and financial strength for N A E Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, N A E Credit Union has increased its total deposits by $142,000, resulting in 0.19% 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 N A E 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. N A E Credit Union has $87.27 million in assets with $16.16 million in equity, resulting in a capitalization level of 18.51%, which is excellent.

Institution Statistics

Overall
NCUA #16706
Year Chartered1965
Employees36
Primary Regulator
Assets and Liabilities
Assets$87.27 million
Loans$56.07 million
Deposits$73.57 million
Equity Capital$12.31 million
Loan Loss Allowance$3.85 million
Unbacked Noncurrent Loans$92,000
Real Estate Owned$47,000
Historic Data - March 2013
Assets$86.07 million
Equity Capital$11.31 million
Loan Loss Allowance$3.93 million
Unbacked Noncurrent Loans$92,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.6%
Return on Assets0.53%
Return on Equity3.77%
Interest Income$1.07 million
Rates
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N A E Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.95%$6k-Vacation Club
0.95%$6k-Christmas Club
0.95%$100-IRA Shares
0.95%$100-Roth IRA Shares
0.95%$100-SEP IRA Shares
0.55%$100k-Youth Savings (Looney Toons)
0.55%$100k-Youth Savings (Looney Toons)
0.50%$7k-Share Savings

N A E Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k-Money Market

N A E Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.44%$100k-60 Month CD
1.26%$100k-48 Month CD
1.10%$100k-36 Month CD
1.01%$100k-24 Month CD
1.01%$100k-30 Month CD
1.01%$100k-35 Month CD
0.94%$100k-18 Month CD
0.94%$100k-19 Month CD
0.94%$100k-20 Month CD
0.94%$100k-21 Month CD
0.94%$100k-22 Month CD
0.90%$100k-12 Month CD
0.90%$100k-13 Month CD
0.90%$100k-15 Month CD
0.90%$100k-16 Month CD
0.65%$100k-6 Month CD
0.65%$100k-7 Month CD
0.65%$100k-8 Month CD
0.65%$100k-9 Month CD
0.65%$100k-10 Month CD
0.65%$100k-11 Month CD

N A E Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.44%$100k-60 Month IRA CD
1.26%$100k-48 Month IRA CD
1.10%$100k-36 Month IRA CD
1.01%$100k-24 Month IRA CD
1.01%$100k-30 Month IRA CD
1.01%$100k-35 Month IRA CD
0.94%$100k-18 Month IRA CD
0.94%$100k-19 Month IRA CD
0.94%$100k-20 Month IRA CD
0.94%$100k-21 Month IRA CD
0.94%$100k-22 Month IRA CD
0.90%$100k-12 Month IRA CD
0.90%$100k-13 Month IRA CD
0.90%$100k-15 Month IRA CD
0.90%$100k-16 Month IRA CD
0.65%$100k-6 Month IRA CD
0.65%$100k-7 Month IRA CD
0.65%$100k-8 Month IRA CD
0.65%$100k-9 Month IRA CD
0.65%$100k-10 Month IRA CD
0.65%$100k-11 Month IRA CD
Locations


N A E Credit Union Locations
Branch Office3601 Indian River RoadChesapeake, VA 23325
Branch Office755 Battlefield Blvd NChesapeake, VA 23320-5038
Branch Office2628 Taylor Rd Ste AChesapeake, VA 23321-2225