Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
567 James Madison Hwy
Culpeper, VA 22701

Northern Piedmont Credit Union is headquartered in Culpeper and is the 84th largest credit union in the state of Virginia. It is also the 3,539th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 13 employees and 4,189 members. Northern Piedmont Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of one of the several Select Employee Groups (SEGs). - See Details

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northern Piedmont Credit Union has a 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 Northern Piedmont Credit Union had $153,000 in non-current loans and owned real-estate with $2.44 million in equity and loan loss allowances on hand to cover it. This gives Northern Piedmont Credit Union a Texas Ratio of 6.27% 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 Northern Piedmont Credit Union decreased dramatically from 16.25% as of December 31, 2012 to 6.27% as of December 31, 2013, resulting in a positive change of 61.44%.This indicates that the balance sheet and financial strength for Northern Piedmont Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Northern Piedmont Credit Union has decreased its total deposits by -$1.32 million, resulting in -7.11% 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 Northern Piedmont Credit Union has shown is below average.

Capitalization

GRADE:
A+

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. Northern Piedmont Credit Union has $19.67 million in assets with $2.44 million in equity, resulting in a capitalization level of 12.42%, which is excellent.

Institution Statistics

Overall
NCUA #9187
Year Chartered1954
Employees13
Primary Regulator
Assets and Liabilities
Assets$19.67 million
Loans$8.67 million
Deposits$17.20 million
Equity Capital$2.22 million
Loan Loss Allowance$224,000
Unbacked Noncurrent Loans$153,000
Real Estate Owned$0
Historic Data - December 2012
Assets$20.49 million
Equity Capital$1.55 million
Loan Loss Allowance$151,000
Unbacked Noncurrent Loans$153,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.81%
Return on Assets3.38%
Return on Equity29.98%
Interest Income$711,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Northern Piedmont Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Northern Piedmont Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.00%$1k-Shares/Savings Account
0.00%--Club X Account
0.00%$1k-Club 1 Account
0.00%$1k-Club 2 Account
0.00%--Master IRA Account

Northern Piedmont Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.00%$500-6 Month CD
0.00%$2k-9 Month CD
0.00%$1k-1 Year CD
0.00%$1k-2 Year CD

Northern Piedmont Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.00%$1k-1 Year IRA
0.00%$2k-2 Year IRA
Locations


Northern Piedmont Credit Union Locations
Branch Office4257 Aiken Dr Bldg 102-AWarrenton, VA 20187
Branch Office484 Blackwell RdWarrenton, VA 20186
Branch Office567 James Madison HwyCulpeper, VA 22701