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Overview / Commentary
757-423-2185
1355 International Terminal Blvd Suite 102
Norfolk, VA 23505

Port Of Hampton Roads ILA Credit Union is headquartered in Norfolk and is the 115st largest credit union in the state of Virginia. It is also the 4,972nd largest credit union in the nation. It was established in 1975 and as of March of 2014, it had grown to 3 employees and 1,711 members. Port Of Hampton Roads ILA Credit Union 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. Port Of Hampton Roads ILA Credit Union 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 Port Of Hampton Roads ILA Credit Union had $7,000 in non-current loans and owned real-estate with $1.58 million in equity and loan loss allowances on hand to cover it. This gives Port Of Hampton Roads ILA Credit Union a Texas Ratio of 0.44% 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 Port Of Hampton Roads ILA Credit Union decreased dramatically from 4.15% as of March 31, 2013 to 0.44% as of March 31, 2014, resulting in a positive change of 89.29%.This indicates that the balance sheet and financial strength for Port Of Hampton Roads ILA Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Port Of Hampton Roads ILA Credit Union has increased its total deposits by $42,000, resulting in 0.82% 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 Port Of Hampton Roads ILA Credit Union 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. Port Of Hampton Roads ILA Credit Union has $6.72 million in assets with $1.58 million in equity, resulting in a capitalization level of 23.46%, which is excellent.

Institution Statistics

Overall
NCUA #22049
Year Chartered1975
Employees3
Primary Regulator
Assets and Liabilities
Assets$6.72 million
Loans$3.08 million
Deposits$5.15 million
Equity Capital$1.56 million
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Historic Data - March 2013
Assets$6.69 million
Equity Capital$1.56 million
Loan Loss Allowance$52,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.6%
Return on Equity-2.56%
Interest Income$85,000
Rates

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Locations


Port Of Hampton Roads ILA Credit Union Locations
Branch Office1355 International Terminal Blvd Suite 102Norfolk, VA 23505