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Overview / Commentary
540-342-5809
1115 Patterson Ave Sw
Roanoke, VA 24016

Roanoke Virginia Firemen Credit Union is headquartered in Roanoke and is the 137th largest credit union in the state of Virginia. It is also the 5,777th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 822 members. Roanoke Virginia Firemen Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of the Roanoke Fire - EMS. - See Details

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Health

Data for Q4 2013

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. Roanoke Virginia Firemen Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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, 2013 Roanoke Virginia Firemen Credit Union had $3,000 in non-current loans and owned real-estate with $677,000 in equity and loan loss allowances on hand to cover it. This gives Roanoke Virginia Firemen 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 Roanoke Virginia Firemen Credit Union decreased dramatically from 4.57% as of December 31, 2012 to 0.44% as of December 31, 2013, resulting in a positive change of 90.30%.This indicates that the balance sheet and financial strength for Roanoke Virginia Firemen Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Roanoke Virginia Firemen Credit Union has increased its total deposits by $28,000, resulting in 1.44% 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 Roanoke Virginia Firemen 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. Roanoke Virginia Firemen Credit Union has $2.65 million in assets with $677,000 in equity, resulting in a capitalization level of 25.57%, which is excellent.

Institution Statistics

Overall
NCUA #183
Year Chartered1935
Employees0
Primary Regulator
Assets and Liabilities
Assets$2.65 million
Loans$1.14 million
Deposits$1.97 million
Equity Capital$670,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - December 2012
Assets$2.66 million
Equity Capital$718,000
Loan Loss Allowance$4,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.26%
Return on Assets-1.81%
Return on Equity-7.16%
Interest Income$75,000
Rates
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Roanoke Virginia Firemen Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.26%--Main Share Account
0.26%--Christmas Club Account
0.26%--Vacation Club Account
Locations


Roanoke Virginia Firemen Credit Union Locations
Branch Office1115 Patterson Ave SWRoanoke, VA 24016