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703-914-8700
6462 Little Rver Tpke
Alexandria, VA 22312

NARFE Premier Federal Credit Union is headquartered in Alexandria and is the 35th largest credit union in the state of Virginia. It is also the 1,146th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 37 employees and 10,592 members. NARFE Premier Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

All active and retired federal employees, Select Employee Groups (SEGs), along with anyone who lives, works, worships or attends school in King George, VA; and immediate family members of the prior mentioned (provided the individual is already a member) are eligible to join NARFE Premier FCU. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 NARFE Premier Federal Credit Union had $559,000 in non-current loans and owned real-estate with $13.91 million in equity and loan loss allowances on hand to cover it. This gives NARFE Premier Federal Credit Union a Texas Ratio of 4.02% 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 NARFE Premier Federal Credit Union decreased dramatically from 8.12% as of March 31, 2013 to 4.02% as of March 31, 2014, resulting in a positive change of 50.50%.This indicates that the balance sheet and financial strength for NARFE Premier Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, NARFE Premier Federal Credit Union has decreased its total deposits by -$1.31 million, resulting in -0.95% 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 NARFE Premier Federal Credit Union has shown is average.

Capitalization

GRADE:
C+

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. NARFE Premier Federal Credit Union has $151.08 million in assets with $13.91 million in equity, resulting in a capitalization level of 9.21%, which is average.

Institution Statistics

Overall
NCUA #233
Year Chartered1935
Employees37
Primary Regulator
Assets and Liabilities
Assets$151.08 million
Loans$89.97 million
Deposits$137.16 million
Equity Capital$12.97 million
Loan Loss Allowance$940,000
Unbacked Noncurrent Loans$559,000
Real Estate Owned$0
Historic Data - March 2013
Assets$153.33 million
Equity Capital$13.68 million
Loan Loss Allowance$938,000
Unbacked Noncurrent Loans$559,000
Real Estate Owned$388,000
Profit Margin - Quarterly
Net Interest Margin1.08%
Return on Assets0.53%
Return on Equity6.23%
Interest Income$1.48 million
Rates

Always verify rates and promotions with the bank or credit union. We are not NARFE Premier Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

NARFE Premier Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Kids Savings
0.50%--IRA Savings
0.50%--Roth IRA Savings
0.50%--Coverdell ESA
0.15%--Prime Share Savings
0.15%--Clubs
0.15%-$12kWinter Holiday Club
0.15%-$12kVacation Club

NARFE Premier Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Account

NARFE Premier Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.02%-$10kNARFE Chapter Checking
2.00%-$10kUltimate Checking - Qualifying
0.15%--Group Checking
0.15%--Ultimate Checking - Non Qualifying
0.05%--PremierPlus Checking

NARFE Premier Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.56%$100k-5 Year Jumbo CD
1.51%$1k-5 Year Step Up CD
1.51%$100-5 Year Youth Step Up Add on CD
1.26%$1k-4 Year Step Up CD
1.26%$100-4 Year Youth Step Up CD
1.00%$1k-3 Year Step Up CD
1.00%$100-3 Year Youth Step Up CD
0.80%$1k-2 Year Step Up CD
0.80%$100-2 Year Youth Step Up CD
0.45%$1k-1 Year CD
0.45%$100-1 Year Youth CD
0.30%$1k-6 Month CD
0.30%$100-6 Month Youth CD

NARFE Premier Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-5 Year IRA Step Up Certificate
1.26%$1k-4 Year IRA Step Up Certificate
1.00%$1k-3 Year IRA Step Up Certificate
0.80%$1k-2 Year IRA Step Up Certificate
0.45%$1k-1 Year IRA Certificate
0.30%$1k-6 Month IRA Certificate
Locations


NARFE Premier Federal Credit Union Locations
Branch Office1900 E St NWWashington, DC 20415
Branch Office4483 James Madison PkwyKing George, VA 22485-5841
Branch Office6462 Little River TpkeAlexandria, VA 22312-1411
Branch Office445 12th St SWWashington, DC 20554