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Overview / Commentary
757-547-1544
100 Volvo Pkwy Ste 310
Chesapeake, VA 23320

Norfolk Southern Emp Cu., Inc. is headquartered in Chesapeake and is the 145th largest credit union in the state of Virginia. It is also the 5,907th largest credit union in the nation. It was established in 1928 and as of December of 2013, it had grown to 2 employees and 963 members. Norfolk Southern Emp Cu., Inc. has a C health rating.

Field of Membership Restrictions

Must be an employee of Norfolk Southern Corporation. - See Details

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Health

Data for Q4 2013

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. Norfolk Southern Emp Cu., Inc. has a very low asset base.

Texas Ratio

GRADE:
A

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, 2013 Norfolk Southern Emp Cu., Inc. had $20,000 in non-current loans and owned real-estate with $209,000 in equity and loan loss allowances on hand to cover it. This gives Norfolk Southern Emp Cu., Inc. a Texas Ratio of 9.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Norfolk Southern Emp Cu., Inc. experienced no significant changes from 6.77% as of December 31, 2012 to 9.57% as of December 31, 2013, resulting in a negative change of 41.41%. This indicates that the balance sheet and financial strength for Norfolk Southern Emp Cu., Inc. has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Norfolk Southern Emp Cu., Inc. has decreased its total deposits by $-24,000, resulting in -1.22% 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 Southern Emp Cu., Inc. has shown is average.

Capitalization

GRADE:
B

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 Southern Emp Cu., Inc. has $2.14 million in assets with $209,000 in equity, resulting in a capitalization level of 9.75%, which is above average.

Institution Statistics

Overall
NCUA #66916
Year Chartered1928
Employees2
Primary Regulator
Assets and Liabilities
Assets$2.14 million
Loans$1.89 million
Deposits$1.94 million
Equity Capital$204,000
Loan Loss Allowance$5,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Historic Data - December 2012
Assets$2.22 million
Equity Capital$261,000
Loan Loss Allowance$5,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.88%
Return on Assets-2.61%
Return on Equity-27.45%
Interest Income$95,000
Rates
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Norfolk Southern Emp Cu., Inc. Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$15k$100kPrimary Share Savings Account
0.05%--Club Accounts

Norfolk Southern Emp Cu., Inc. Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$500-Share Draft Checking Account
Locations


Norfolk Southern Emp Cu., Inc. Locations
Branch Office100 Volvo Pkwy Ste 310Chesapeake, VA 23320-1618