St. Matthews Credit Union is headquartered in Virginia Beach and is the 115st largest credit union in the state of Virginia. It is also the 4,994th largest credit union in the nation. It was established in 1961 and as of December of 2013, it had grown to 2 employees and 695 members. St. Matthews Credit Union has a C+ health rating.
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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 St. Matthews Credit Union had $112,000 in non-current loans and owned real-estate with $980,000 in equity and loan loss allowances on hand to cover it. This gives St. Matthews Credit Union a Texas Ratio of 11.43% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, St. Matthews Credit Union has increased its total deposits by $108,000, resulting in 1.99% 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 St. Matthews Credit Union has shown is above 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. St. Matthews Credit Union has $6.53 million in assets with $980,000 in equity, resulting in a capitalization level of 15.01%, which is excellent.
|Assets and Liabilities|
|Loan Loss Allowance||$9,000|
|Unbacked Noncurrent Loans||$112,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Loan Loss Allowance||$4,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||8.37%|
|Return on Assets||0.31%|
|Return on Equity||2.06%|
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|0.25%||-||-||IRA Club Account|
|St. Matthews Credit Union Locations|
|Branch Office||6477 College Park Sq Ste 200||Virginia Beach, VA 23464-3611|
|Branch Office||3314 Sandra Ln||Virginia Beach, VA 23464-1736|