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.
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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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.
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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$12.97 million|
|Loan Loss Allowance||$940,000|
|Unbacked Noncurrent Loans||$559,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$13.68 million|
|Loan Loss Allowance||$938,000|
|Unbacked Noncurrent Loans||$559,000|
|Real Estate Owned||$388,000|
|Profit Margin - Quarterly|
|Return on Assets||0.53%|
|Return on Equity||6.23%|
|Interest Income||$1.48 million|
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|0.50%||-||-||Roth IRA Savings|
|0.15%||-||-||Prime Share Savings|
|0.15%||-||$12k||Winter Holiday Club|
|0.30%||$50k||-||Money Market Account|
|2.02%||-||$10k||NARFE Chapter Checking|
|2.00%||-||$10k||Ultimate Checking - Qualifying|
|0.15%||-||-||Ultimate Checking - Non Qualifying|
|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|
|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|
|NARFE Premier Federal Credit Union Locations|
|Branch Office||1900 E St NW||Washington, DC 20415|
|Branch Office||4483 James Madison Pkwy||King George, VA 22485-5841|
|Branch Office||6462 Little River Tpke||Alexandria, VA 22312-1411|
|Branch Office||445 12th St SW||Washington, DC 20554|