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Overview / Commentary
4212 Greenwood Dr
Portsmouth, VA 23701

New Bethel Credit Union is headquartered in Portsmouth and is the 164th largest credit union in the state of Virginia. It is also the 6,585th largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 176 members. New Bethel 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. New Bethel Credit Union has a very 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 New Bethel Credit Union had $3,000 in non-current loans and owned real-estate with $107,000 in equity and loan loss allowances on hand to cover it. This gives New Bethel Credit Union a Texas Ratio of 2.80% 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 New Bethel Credit Union decreased dramatically from 5.45% as of March 31, 2013 to 2.80% as of March 31, 2014, resulting in a positive change of 48.60%.This indicates that the balance sheet and financial strength for New Bethel Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, New Bethel Credit Union has decreased its total deposits by $-1,000, resulting in -6.25% 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 New Bethel Credit Union has shown is below 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. New Bethel Credit Union has $111,000 in assets with $107,000 in equity, resulting in a capitalization level of 96.40%, which is excellent.

Institution Statistics

Overall
NCUA #23114
Year Chartered1978
Employees0
Primary Regulator
Assets and Liabilities
Assets$111,000
Loans$38,000
Deposits$15,000
Equity Capital$96,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - March 2013
Assets$115,000
Equity Capital$99,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0%
Return on Assets0%
Return on Equity0%
Interest Income$0
Rates

Sorry, we do not have rate data for New Bethel Credit Union

Locations


New Bethel Credit Union Locations
Branch Office29 River Pointe DrPortsmouth, VA 23703-2272
Branch Office29 River Pointe DrPortsmouth, VA 23703-2272
Branch Office4212 Greenwood DrPortsmouth, VA 23701-3251