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Overview / Commentary
757-249-1003
502 Operations Drive
Newport News, VA 23602

Newport News Mun. Emp Credit Union is headquartered in Newport News and is the 68th largest credit union in the state of Virginia. It is also the 2,488th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 13 employees and 6,259 members. Newport News Mun. Emp Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of the City of Newport News or several other related organizations. - See Details

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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. Newport News Mun. Emp Credit Union has a 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 Newport News Mun. Emp Credit Union had $274,000 in non-current loans and owned real-estate with $3.66 million in equity and loan loss allowances on hand to cover it. This gives Newport News Mun. Emp Credit Union a Texas Ratio of 7.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Newport News Mun. Emp Credit Union decreased slightly from 9.87% as of March 31, 2013 to 7.48% as of March 31, 2014, resulting in a positive change of 24.20%.This indicates that the balance sheet and financial strength for Newport News Mun. Emp Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Newport News Mun. Emp Credit Union has decreased its total deposits by -$1.57 million, resulting in -3.84% 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 below 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. Newport News Mun. Emp Credit Union has $43.1 million in assets with $3.66 million in equity, resulting in a capitalization level of 8.50%, which is average.

Institution Statistics

Overall
NCUA #66970
Year Chartered1950
Employees13
Primary Regulator
Assets and Liabilities
Assets$43.10 million
Loans$20.39 million
Deposits$39.39 million
Equity Capital$3.52 million
Loan Loss Allowance$143,000
Unbacked Noncurrent Loans$274,000
Real Estate Owned$0
Historic Data - March 2013
Assets$45.06 million
Equity Capital$3.77 million
Loan Loss Allowance$88,000
Unbacked Noncurrent Loans$274,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets0.52%
Return on Equity6.36%
Interest Income$353,000
Rates
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Newport News Mun. Emp Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Regular Share Savings Account
0.00%--Christmas Club Account
0.00%--All Purpose Club Account
0.00%--IRA Share Account
0.00%--Roth IRA Share Account
0.00%--Coverdell Education Savings Account

Newport News Mun. Emp Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-1 Year Share Certificate
0.05%$500-2 Year Share Certificate
0.05%$500-3 Year Share Certificate
0.05%$500-4 Year Share Certificate
0.05%$100-1 Year Young Savers Certificate

Newport News Mun. Emp Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-1 Year IRA Certificate
0.05%$500-2 Year IRA Certificate
0.05%$500-3 Year IRA Certificate
0.05%$500-4 Year IRA Certificate
Locations


Newport News Mun. Emp Credit Union Locations
Branch Office502 Operations DrNewport News, VA 23602-6989
Branch Office210 25th StNewport News, VA 23607-4402