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Overview / Commentary
540-663-2181
17442 Dahlgren Rd
Dahlgren, VA 22448

NSWC Credit Union is headquartered in Dahlgren and is the 21st largest credit union in the state of Virginia. It is also the 674th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 61 employees and 29,027 members. NSWC Credit Union has a A health rating.

Field of Membership Restrictions

Must be a civilian or military personnel of the U.S. Government permanently stationed at Naval Support Activity South Potomac (NSASP)-Dahlgren or one of its tenant commands. Also open to those who live, work, worship or attend school in the City of Fredericksburg. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 NSWC Credit Union had $864,000 in non-current loans and owned real-estate with $30.63 million in equity and loan loss allowances on hand to cover it. This gives NSWC Credit Union a Texas Ratio of 2.82% 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 NSWC Credit Union experienced no significant changes from 1.03% as of March 31, 2013 to 2.82% as of March 31, 2014, resulting in a negative change of 175.02%. This indicates that the balance sheet and financial strength for NSWC Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, NSWC Credit Union has increased its total deposits by $10.83 million, resulting in 3.97% 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 NSWC Credit Union has shown is excellent.

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. NSWC Credit Union has $315.23 million in assets with $30.63 million in equity, resulting in a capitalization level of 9.72%, which is above average.

Institution Statistics

Overall
NCUA #14754
Year Chartered1961
Employees61
Primary Regulator
Assets and Liabilities
Assets$315.23 million
Loans$94.34 million
Deposits$283.72 million
Equity Capital$30.13 million
Loan Loss Allowance$492,000
Unbacked Noncurrent Loans$864,000
Real Estate Owned$0
Historic Data - March 2013
Assets$308.26 million
Equity Capital$32.56 million
Loan Loss Allowance$785,000
Unbacked Noncurrent Loans$864,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.13%
Return on Assets-0.02%
Return on Equity-0.19%
Interest Income$1.68 million
Rates
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NSWC Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Business Premium Savings Account
0.40%$100k-Variable Rate IRA Account
0.40%$100k-Premium Savings Account
0.25%--Business Prime Share Savings Account
0.25%--Business Regular Shares Account
0.25%--Prime Share Savings Account
0.25%--Regular Shares Account
0.25%--Vacation Club Account
0.25%--Christmas Club Account

NSWC Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$2k-Daily Business Money Fund
0.25%$2k-Daily Money Fund Account

NSWC Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-5-Year Business Share Certificate
1.51%$500-5-Year Share Certificate
1.05%$500-3-Year Business Share Certificate
1.05%$500-3-Year Share Certificate
0.60%$500-2-Year Business Share Certificate
0.60%$500-2-Year Share Certificate
0.50%$500-1-Year Business Share Certificate
0.50%$500-1-Year Share Certificate
0.40%$500-9-Month Business Share Certificate
0.40%$500-9-Month Share Certificate
0.35%$500-6-Month Business Share Certificate
0.35%$500-6-Month Share Certificate

NSWC Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-5-Year IRA Share Certificate
1.05%$500-3-Year IRA Share Certificate
0.60%$500-2-Year IRA Share Certificate
0.50%$500-1-Year IRA Share Certificate
Locations


NSWC Credit Union Locations
Branch Office17442 Dahlgren RdDahlgren, VA 22448
Branch Office2004 Augustine AveFredericksburg, VA 22401
Branch Office5422 Southpoint Plaza WayFredericksburg, VA 22407-2662
Branch Office5472 James Madison PkwyKing George, VA 22485-5329