Norfolk Credit Union

Norfolk Credit Union is headquartered in NORFOLK and is the 133^rd largest credit union in the state of Virginia. It is also the 5,545^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 4 employees and 2,550 members. Norfolk Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

Norfolk Credit Union Checking Account Rates

Norfolk Credit Union Savings Account Rates

Norfolk Credit Union CD Rates

Data for Q4 2011

Institution Statistics NORFOLK NCUA # 1289 BankRate Report View Year Chartered 1936 Employees 4 Primary Regulator Assets and Liabilities Assets $4.90 million Loans $2.63 million Deposits $4.17 million Equity Capital $722,000 Loan Loss Allowance $39,000 Unbacked Noncurrent Loans $61,000 Historic Data - December 2010 Assets $5.31 million Equity Capital $822,000 Loan Loss Allowance $70,000 Unbacked Noncurrent Loans $252,000 Profit Margin - Quarterly Net Interest Margin 11.5% Return on Assets -2.16% Return on Equity -14.68% Interest Income $339,000 Non-Interest Income $52,000

Institution Health Overall Score: 4 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 Norfolk Credit Union had $61,000 in non-current loans and owned real-estate with $761,000 in equity and loan loss allowances on hand to cover it. This gives Norfolk Credit Union a Texas Ratio of 8.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Norfolk Credit Union decreased significantly from 28.25% as of December 31, 2010 to 8.02% as of December 31, 2011, resulting in a positive change of 71.63%.This indicates that the balance sheet and financial strength for Norfolk Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Norfolk Credit Union has decreased its total deposits by $-306,000, resulting in -6.84% 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 Norfolk Credit Union has shown is poor. 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. Norfolk Credit Union has $4.9 million in assets with $761,000 in equity, resulting in a capitalization level of 15.52%, which is excellent.

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