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Petersburg Fed Ref Credit Union Inc

Petersburg Fed Ref Credit Union Inc
Overview / Commentary
1060 River Rd Not for mail delivery
North Prince George, VA 23860

Petersburg Fed Ref Credit Union Inc is headquartered in North Prince George and is the 131st largest credit union in the state of Virginia. It is also the 5,551st largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 739 members. Petersburg Fed Ref Credit Union Inc has a B health rating.

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Health

Data for Q1 2014

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. Petersburg Fed Ref Credit Union Inc has a very 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 Petersburg Fed Ref Credit Union Inc had $2,000 in non-current loans and owned real-estate with $901,000 in equity and loan loss allowances on hand to cover it. This gives Petersburg Fed Ref Credit Union Inc a Texas Ratio of 0.11% 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 Petersburg Fed Ref Credit Union Inc decreased dramatically from 2.11% as of March 31, 2013 to 0.11% as of March 31, 2014, resulting in a positive change of 94.75%.This indicates that the balance sheet and financial strength for Petersburg Fed Ref Credit Union Inc has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Petersburg Fed Ref Credit Union Inc has increased its total deposits by $141,000, resulting in 5.44% 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 Petersburg Fed Ref Credit Union Inc 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. Petersburg Fed Ref Credit Union Inc has $3.62 million in assets with $901,000 in equity, resulting in a capitalization level of 24.88%, which is excellent.

Institution Statistics

Overall
NCUA #66896
Year Chartered1951
Employees0
Primary Regulator
Assets and Liabilities
Assets$3.62 million
Loans$2.10 million
Deposits$2.74 million
Equity Capital$886,000
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$2,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.44 million
Equity Capital$847,000
Loan Loss Allowance$5,000
Unbacked Noncurrent Loans$2,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.89%
Return on Assets1.55%
Return on Equity6.32%
Interest Income$48,000
Rates

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Locations


Petersburg Fed Ref Credit Union Inc Locations
Branch Office1060 River Rd Not for mail deliveryNorth Prince George, VA 23860