Petersburg Fed Ref Credit Union Inc

Petersburg Fed Ref Credit Union Inc is headquartered in Petersburg and is the 148^th largest credit union in the state of Virginia. It is also the 6,076^th largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to employees and 687 members. Petersburg Fed Ref Credit Union Inc has a 5-star health rating.

Data for Q4 2011

Institution Statistics PETERSBURG FED REF CREDIT UNION INC NCUA # 66896 BankRate Report View Year Chartered 1951 Employees 0 Primary Regulator Assets and Liabilities Assets $2.85 million Loans $1.87 million Deposits $2.10 million Equity Capital $750,000 Loan Loss Allowance $34,000 Unbacked Noncurrent Loans $92,000 Historic Data - December 2010 Assets $2.72 million Equity Capital $691,000 Loan Loss Allowance $41,000 Unbacked Noncurrent Loans $113,000 Profit Margin - Quarterly Net Interest Margin 7.77% Return on Assets 1.93% Return on Equity 7.33% Interest Income $181,000 Non-Interest Income $5,000

Institution Health Overall Score: 5 out of 5 Texas Ratio 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, 2011 Petersburg Fed Ref Credit Union Inc had $92,000 in non-current loans and owned real-estate with $784,000 in equity and loan loss allowances on hand to cover it. This gives Petersburg Fed Ref Credit Union Inc a Texas Ratio of 11.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Petersburg Fed Ref Credit Union Inc decreased slightly from 15.44% as of December 31, 2010 to 11.73% as of December 31, 2011, resulting in a positive change of 23.98%.This indicates that the balance sheet and financial strength for Petersburg Fed Ref Credit Union Inc has improved slightly in recent periods. Deposit Growth In the past year, Petersburg Fed Ref Credit Union Inc has increased its total deposits by $68,000, resulting in 3.35% 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 above average. Capitalization 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 $2.85 million in assets with $784,000 in equity, resulting in a capitalization level of 27.53%, which is excellent.

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