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Norfolk Va Postal Credit Union Inc

Norfolk Va Postal Credit Union Inc
Overview / Commentary
P.O. Box 781
Norfolk, VA 23501

Norfolk Va Postal Credit Union Inc is headquartered in NORFOLK and is the 124th largest credit union in the state of Virginia. It is also the 5,296th largest credit union in the nation. It was established in 1925 and as of December of 2013, it had grown to 4 employees and 1,196 members. Norfolk Va Postal Credit Union Inc has a C+ health rating.

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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 Va Postal Credit Union 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 Va Postal Credit Union Inc had $4,000 in non-current loans and owned real-estate with $487,000 in equity and loan loss allowances on hand to cover it. This gives Norfolk Va Postal Credit Union Inc a Texas Ratio of 0.82% 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 Norfolk Va Postal Credit Union Inc decreased dramatically from 2.77% as of December 31, 2012 to 0.82% as of December 31, 2013, resulting in a positive change of 70.38%.This indicates that the balance sheet and financial strength for Norfolk Va Postal Credit Union Inc has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Norfolk Va Postal Credit Union Inc has decreased its total deposits by $-122,000, resulting in -2.72% 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 Va Postal Credit Union Inc has shown is below 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 Va Postal Credit Union Inc has $4.84 million in assets with $487,000 in equity, resulting in a capitalization level of 10.06%, which is above average.

Institution Statistics

Overall
NCUA #66895
Year Chartered1925
Employees4
Primary Regulator
Assets and Liabilities
Assets$4.84 million
Loans$3.21 million
Deposits$4.36 million
Equity Capital$484,000
Loan Loss Allowance$3,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.96 million
Equity Capital$480,000
Loan Loss Allowance$97,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.84%
Return on Assets0.06%
Return on Equity0.62%
Interest Income$231,000
Rates

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Locations


Norfolk Va Postal Credit Union Inc Locations
Branch Office600 Church St Unit 111Norfolk, VA 23501