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Overview / Commentary
757-686-3051
3209 Cedar Ln
Portsmouth, VA 23703-4101

Pfd Firefighters Credit Union Inc. is headquartered in Portsmouth and is the 79th largest credit union in the state of Virginia. It is also the 3,287th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 6 employees and 2,139 members. Pfd Firefighters Credit Union Inc.'s savings rates are 4X the national average, and it has a B health rating.

Field of Membership Restrictions

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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. Pfd Firefighters Credit Union Inc. has a 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 Pfd Firefighters Credit Union Inc. had $327,000 in non-current loans and owned real-estate with $3.03 million in equity and loan loss allowances on hand to cover it. This gives Pfd Firefighters Credit Union Inc. a Texas Ratio of 10.80% 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 Pfd Firefighters Credit Union Inc. decreased dramatically from 16.66% as of March 31, 2013 to 10.80% as of March 31, 2014, resulting in a positive change of 35.18%.This indicates that the balance sheet and financial strength for Pfd Firefighters Credit Union Inc. has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Pfd Firefighters Credit Union Inc. has increased its total deposits by $123,000, resulting in 0.59% 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 Pfd Firefighters Credit Union Inc. has shown is above 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. Pfd Firefighters Credit Union Inc. has $24.11 million in assets with $3.03 million in equity, resulting in a capitalization level of 12.56%, which is excellent.

Institution Statistics

Overall
NCUA #66942
Year Chartered1955
Employees6
Primary Regulator
Assets and Liabilities
Assets$24.11 million
Loans$18.04 million
Deposits$21.00 million
Equity Capital$3.02 million
Loan Loss Allowance$12,000
Unbacked Noncurrent Loans$187,000
Real Estate Owned$140,000
Historic Data - March 2013
Assets$23.66 million
Equity Capital$2.69 million
Loan Loss Allowance$190,000
Unbacked Noncurrent Loans$187,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.4%
Return on Assets0.73%
Return on Equity5.83%
Interest Income$281,000
Rates
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Pfd Firefighters Credit Union Inc. Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%--Roth IRA
2.00%--Traditional IRA
0.50%$5k-Savings Account
0.50%--Christmas Club

Pfd Firefighters Credit Union Inc. CD Rates

DetailsAPYMINMAXPRODUCT
1.76%$2,500-48 Month CD
1.76%$500-48 Month Youth CD
1.51%$2,500-36 Month CD
1.51%$500-36 Month Youth CD
1.26%$2,500-24 Month CD
1.26%$500-24 Month Youth CD
1.01%$2,500-12 Month CD
1.01%$500-12 Month Youth CD
0.75%$2,500-36 Month Business CD
0.63%$2,500-24 Month Business CD
0.50%$2,500-12 Month Business CD
Locations


Pfd Firefighters Credit Union Inc. Locations
Branch Office3209 Cedar LnPortsmouth, VA 23703-4101