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Overview / Commentary
571-250-2019
22110 Pacific Blvd Ste 100
Sterling, VA 20166

Strategic Credit Union is headquartered in Sterling and is the 89th largest credit union in the state of Virginia. It is also the 3,700th largest credit union in the nation. It was established in 1973 and as of March of 2014, it had grown to 5 employees and 1,516 members. Strategic Credit Union has a C health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
B+

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 Strategic Credit Union had $172,000 in non-current loans and owned real-estate with $1.32 million in equity and loan loss allowances on hand to cover it. This gives Strategic Credit Union a Texas Ratio of 13.06% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Strategic Credit Union experienced no significant changes from 8.62% as of March 31, 2013 to 13.06% as of March 31, 2014, resulting in a negative change of 51.50%. This indicates that the balance sheet and financial strength for Strategic Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Strategic Credit Union has increased its total deposits by $49,000, resulting in 0.3% 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 Strategic Credit Union has shown is above average.

Capitalization

GRADE:
C-

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. Strategic Credit Union has $17.93 million in assets with $1.32 million in equity, resulting in a capitalization level of 7.34%, which is below average.

Institution Statistics

Overall
NCUA #21319
Year Chartered1973
Employees5
Primary Regulator
Assets and Liabilities
Assets$17.93 million
Loans$9.25 million
Deposits$16.63 million
Equity Capital$1.28 million
Loan Loss Allowance$35,000
Unbacked Noncurrent Loans$172,000
Real Estate Owned$0
Historic Data - March 2013
Assets$17.84 million
Equity Capital$1.24 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$172,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets-0.04%
Return on Equity-0.62%
Interest Income$116,000
Rates

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Strategic Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Shares
0.10%--Holiday Club
0.05%$100-Share Savings

Strategic Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Money Market Account

Strategic Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft (Fee Free) Account

Strategic Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.30%$1,500-24 Month CD
0.25%$1,500-18 Month CD
0.20%$1,500-12 Month CD
0.15%$1,500-6 Month CD

Strategic Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.30%$1k-24 Month IRA
0.25%$1k-18 Month IRA
0.20%$1k-12 Month IRA
0.15%$1k-6 Month IRA
Locations


Strategic Credit Union Locations
Branch Office22110 Pacific Blvd Ste 100Sterling, VA 20166
Branch Office8320 Alban Rd Suite 100Springfield, VA 22150