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P.O. Box 7766
Charlottesville, VA 22906

Sperry Marine Credit Union is headquartered in Charlottesville and is the 86th largest credit union in the state of Virginia. It is also the 3,646th largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 8 employees and 2,057 members. Sperry Marine Credit Union has a C- health rating.

Field of Membership Restrictions

Must be an employee of one of the several Select Employee Groups (SEGs). - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Sperry Marine Credit Union has a low asset base.

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, 2013 Sperry Marine Credit Union had $537,000 in non-current loans and owned real-estate with $1.24 million in equity and loan loss allowances on hand to cover it. This gives Sperry Marine Credit Union a Texas Ratio of 43.45% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sperry Marine Credit Union increased slightly from 21.09% as of December 31, 2012 to 43.45% as of December 31, 2013, resulting in a negative change of 106.00%. This indicates that the balance sheet and financial strength for Sperry Marine Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Sperry Marine Credit Union has decreased its total deposits by $-428,000, resulting in -2.43% 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 Sperry Marine Credit Union has shown is average.



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. Sperry Marine Credit Union has $18.35 million in assets with $1.24 million in equity, resulting in a capitalization level of 6.74%, which is below average.

Institution Statistics

NCUA #11855
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$18.35 million
Loans$14.83 million
Deposits$17.18 million
Equity Capital$1.14 million
Loan Loss Allowance$94,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$348,000
Historic Data - December 2012
Assets$19.51 million
Equity Capital$1.18 million
Loan Loss Allowance$65,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.69%
Return on Assets-0.26%
Return on Equity-4.12%
Interest Income$916,000
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Sperry Marine Credit Union Savings Account Rates

0.05%$50k-Regular Share Account
0.05%$50k-IRA Accumulation Account

Sperry Marine Credit Union Money Market Rates

0.30%$5k-Money Market Account

Sperry Marine Credit Union CD Rates

0.75%$5k-2 Year Share Certificate
0.60%$5k-1 Year Share Certificate
0.45%$5k-6 Month Share Certificate

Sperry Marine Credit Union IRA Rates

0.75%$5k-2 Year IRA Certificate
0.60%$5k-1 Year IRA Certificate
0.45%$5k-6 Month IRA Certificate

Sperry Marine Credit Union Locations
Branch Office120 Seminole CtCharlottesville, VA 22901
Branch Office1070 Seminole TrlCharlottesville, VA 22901