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Overview / Commentary
703-680-1143
12715 Ridgefield Village Dr STE 101
Woodbridge, VA 22193-8911

P W C Employees Credit Union is headquartered in Woodbridge and is the 67th largest credit union in the state of Virginia. It is also the 2,269th largest credit union in the nation. It was established in 1971 and as of March of 2014, it had grown to 12 employees and 7,568 members. P W C Employees Credit Union has a A health rating.

Field of Membership Restrictions

Must be an employee or volunteer of a governmental unit within the geographic boundaries of Prince William County. - See Details

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. P W C Employees Credit Union has a relatively low asset base.

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 P W C Employees Credit Union had $6,000 in non-current loans and owned real-estate with $6.9 million in equity and loan loss allowances on hand to cover it. This gives P W C Employees Credit Union a Texas Ratio of 0.09% 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 P W C Employees Credit Union decreased dramatically from 2.49% as of March 31, 2013 to 0.09% as of March 31, 2014, resulting in a positive change of 96.51%.This indicates that the balance sheet and financial strength for P W C Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, P W C Employees Credit Union has increased its total deposits by $2.61 million, resulting in 6.18% 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 P W C Employees Credit Union has shown is excellent.

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. P W C Employees Credit Union has $51.42 million in assets with $6.9 million in equity, resulting in a capitalization level of 13.42%, which is excellent.

Institution Statistics

Overall
NCUA #66975
Year Chartered1971
Employees12
Primary Regulator
Assets and Liabilities
Assets$51.42 million
Loans$18.39 million
Deposits$44.75 million
Equity Capital$6.48 million
Loan Loss Allowance$420,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - March 2013
Assets$48.04 million
Equity Capital$5.81 million
Loan Loss Allowance$706,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.44%
Return on Equity3.52%
Interest Income$411,000
Rates
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P W C Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Regular Share Account
0.10%--Child's Share Account
0.10%--IRA Share Account
0.10%--Coverdell Education Savings Account
0.10%--Roth IRA Share Account
0.00%--Christmas Club Account
0.00%--Club Account

P W C Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Account

P W C Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-36 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.70%$500-18 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.45%$500-6 Month Share Certificate

P W C Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-36 Month IRA Certificate
0.80%$500-24 Month IRA Certificate
0.70%$500-18 Month IRA Certificate
0.65%$500-12 Month IRA Certificate
0.45%$500-6 Month IRA Certificate
Locations


P W C Employees Credit Union Locations
Branch Office12715 Ridgefield Village Dr STE 101Woodbridge, VA 221938911
Branch Office8807 Center StManassas, VA 20110-5401