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Overview / Commentary
6002 S Laburnum Ave
Richmond, VA 23231

Nabisco Employees Credit Union is headquartered in Richmond and is the 113st largest credit union in the state of Virginia. It is also the 4,921st largest credit union in the nation. It was established in 1976 and as of March of 2014, it had grown to 1 employees and 1,311 members. Nabisco Employees Credit Union has a C- health rating.

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Health

Data for Q1 2014

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. Nabisco Employees Credit Union has a very low asset base.

Texas Ratio

GRADE:
C-

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 Nabisco Employees Credit Union had $1.84 million in non-current loans and owned real-estate with $2.66 million in equity and loan loss allowances on hand to cover it. This gives Nabisco Employees Credit Union a Texas Ratio of 69.20% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Nabisco Employees Credit Union increased slightly from 4.55% as of March 31, 2013 to 69.20% as of March 31, 2014, resulting in a negative change of 1,419.49%. This indicates that the balance sheet and financial strength for Nabisco Employees Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Nabisco Employees Credit Union has decreased its total deposits by -$1.38 million, resulting in -19.78% 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 Nabisco Employees Credit Union has shown is poor.

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. Nabisco Employees Credit Union has $7.01 million in assets with $2.66 million in equity, resulting in a capitalization level of 37.94%, which is excellent.

Institution Statistics

Overall
NCUA #66957
Year Chartered1976
Employees1
Primary Regulator
Assets and Liabilities
Assets$7.01 million
Loans$2.86 million
Deposits$5.60 million
Equity Capital$1.40 million
Loan Loss Allowance$1.26 million
Unbacked Noncurrent Loans$1.84 million
Real Estate Owned$0
Historic Data - March 2013
Assets$9.62 million
Equity Capital$2.63 million
Loan Loss Allowance$6,000
Unbacked Noncurrent Loans$1.84 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.17%
Return on Equity0.86%
Interest Income$57,000
Rates

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Locations


Nabisco Employees Credit Union Locations
Branch Office6002 S LABURNUM AVERichmond, VA 232315002