Newport News Mun. Emp Credit Union

Newport News Mun. Emp Credit Union Locations

502 Operations Drive
Newport News, VA 23602
757-249-1003
www.nnmecu.org

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Newport News Mun. Emp Credit Union is headquartered in Newport News and is the 70^th largest credit union in the state of Virginia. It is also the 2,488^th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 13 employees and 6,171 members. Newport News Mun. Emp Credit Union has a 5-star health rating.

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See Rates for: Savings | CD | IRA

Newport News Mun. Emp Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	Regular Share Savings Account
0.25%	-	-	Christmas Club Account
0.25%	-	-	All Purpose Club Account
0.25%	-	-	IRA Share Account
0.25%	-	-	Roth IRA Share Account
0.25%	-	-	Coverdell Education Savings Account

Newport News Mun. Emp Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$2,500	-	4 Year Share Certificate
1.00%	$2,500	-	3 Year Share Certificate
0.75%	$2,500	-	2 Year Share Certificate
0.65%	$2,500	-	1 Year Share Certificate
0.65%	$100	-	1 Year Young Savers Certificate
0.50%	$2,500	-	6 Month Share Certificate

Newport News Mun. Emp Credit Union IRA Rates

Apy	Min	Max	Product
1.35%	$500	$2,500	4 Year IRA Certificate
1.35%	$500	$2,500	4 Year Roth IRA Certificate
1.35%	$500	$2,500	4 Year Coverdell ESA Certificate
1.00%	$2,500	-	3 Year IRA Certificate
1.00%	$2,500	-	3 Year Roth IRA Certificate
1.00%	$2,500	-	3 Year Coverdell ESA Certificate
0.75%	$2,500	-	2 Year IRA Certificate
0.75%	$2,500	-	2 Year Roth IRA Certificate
0.75%	$2,500	-	2 Year Coverdell ESA Certificate
0.65%	$2,500	-	1 Year IRA Certificate
0.65%	$2,500	-	1 Year Roth IRA Certificate
0.65%	$2,500	-	1 Year Coverdell ESA Certificate
0.50%	$2,500	-	6 Month IRA Certificate
0.50%	$2,500	-	6 Month Roth IRA Certificate
0.50%	$2,500	-	6 Month Coverdell ESA Certificate

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

NEWPORT NEWS MUN. EMP CREDIT UNION
NCUA #	66970
BankRate Report	View
Year Chartered	1950
Employees	13
Primary Regulator
Assets and Liabilities
Assets	$41.56 million
Loans	$19.48 million
Deposits	$37.57 million
Equity Capital	$3.85 million
Loan Loss Allowance	$98,000
Unbacked Noncurrent Loans	$243,000
Historic Data - December 2010
Assets	$40.69 million
Equity Capital	$3.73 million
Loan Loss Allowance	$119,000
Unbacked Noncurrent Loans	$248,000
Profit Margin - Quarterly
Net Interest Margin	6.14%
Return on Assets	0.15%
Return on Equity	1.66%
Interest Income	$1.58 million
Non-Interest Income	$351,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2011 Newport News Mun. Emp Credit Union had $243,000 in non-current loans and owned real-estate with $3.95 million in equity and loan loss allowances on hand to cover it. This gives Newport News Mun. Emp Credit Union a Texas Ratio of 6.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Newport News Mun. Emp Credit Union held steady from 6.45% as of December 31, 2010 to 6.16% as of December 31, 2011, resulting in a positive change of 4.60%.This indicates that the balance sheet and financial strength for Newport News Mun. Emp Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Newport News Mun. Emp Credit Union has increased its total deposits by $728,000, resulting in 1.98% 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 Newport News Mun. Emp Credit Union has shown is above average.
Capitalization
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. Newport News Mun. Emp Credit Union has $41.56 million in assets with $3.95 million in equity, resulting in a capitalization level of 9.50%, which is average.

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