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Overview / Commentary
434-263-4933
PO Box 276 NCSE Credit Union Office
Lovingston, VA 22949

N C S E Credit Union Inc. is headquartered in Lovingston and is the 154th largest credit union in the state of Virginia. It is also the 6,147th largest credit union in the nation. It was established in 1970 and as of December of 2013, it had grown to 356 members. N C S E Credit Union Inc. has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
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 C S E Credit Union Inc. 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 N C S E Credit Union Inc. had $11,000 in non-current loans and owned real-estate with $206,000 in equity and loan loss allowances on hand to cover it. This gives N C S E Credit Union Inc. a Texas Ratio of 5.34% 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 C S E Credit Union Inc. decreased dramatically from 10.45% as of December 31, 2012 to 5.34% as of December 31, 2013, resulting in a positive change of 48.89%.This indicates that the balance sheet and financial strength for N C S E Credit Union Inc. has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, N C S E Credit Union Inc. has increased its total deposits by $82,000, resulting in 7.96% 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 C S E Credit Union Inc. 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. N C S E Credit Union Inc. has $1.31 million in assets with $206,000 in equity, resulting in a capitalization level of 15.71%, which is excellent.

Institution Statistics

Overall
NCUA #66988
Year Chartered1970
Employees0
Primary Regulator
Assets and Liabilities
Assets$1.31 million
Loans$531,000
Deposits$1.11 million
Equity Capital$199,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$11,000
Real Estate Owned$0
Historic Data - December 2012
Assets$1.22 million
Equity Capital$194,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$11,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin9.43%
Return on Assets0.31%
Return on Equity2.01%
Interest Income$54,000
Rates

Sorry, we do not have rate data for N C S E Credit Union Inc.

Locations


N C S E Credit Union Inc. Locations
Branch OfficePO Box 276 NCSE Credit Union OfficeLovingston, VA 22949