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Overview / Commentary
6477 College Park Square Suite 200
Virginia Beach, VA 23464

St. Matthews Credit Union is headquartered in Virginia Beach and is the 117st largest credit union in the state of Virginia. It is also the 5,072nd largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 2 employees and 683 members. St. Matthews Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the St. Matthews Community. - See Details

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Data for Q1 2014

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. St. Matthews Credit Union has a very low asset base.

Texas Ratio


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 St. Matthews Credit Union had $24,000 in non-current loans and owned real-estate with $984,000 in equity and loan loss allowances on hand to cover it. This gives St. Matthews Credit Union a Texas Ratio of 2.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, St. Matthews Credit Union has decreased its total deposits by $-380,000, resulting in -6.94% 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 below 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 $6.09 million in assets with $984,000 in equity, resulting in a capitalization level of 16.17%, which is excellent.

Institution Statistics

NCUA #14745
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$6.09 million
Loans$2.33 million
Deposits$5.10 million
Equity Capital$978,000
Loan Loss Allowance$6,000
Unbacked Noncurrent Loans$24,000
Real Estate Owned$0
Historic Data - March 2013
Assets$6.44 million
Equity Capital$954,000
Loan Loss Allowance$9,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.53%
Return on Equity3.27%
Interest Income$56,000
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St. Matthews Credit Union Savings Account Rates

0.25%--IRA Club Account
0.10%--Share Account

St. Matthews Credit Union Locations
Branch Office6477 College Park Sq Ste 200Virginia Beach, VA 23464-3611
Branch Office3314 Sandra LnVirginia Beach, VA 23464-1736