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Overview / Commentary
15185 Industrial Park Rd
Bristol, VA 24202

Suncomp Employees Credit Union is headquartered in BRISTOL and is the 123rd largest credit union in the state of Virginia. It is also the 5,239th largest credit union in the nation. It was established in 1976 and as of March of 2014, it had grown to 2 employees and 731 members. Suncomp Employees Credit Union has a C+ health rating.

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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. Suncomp Employees 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 Suncomp Employees Credit Union had $0 in non-current loans and owned real-estate with $2.61 million in equity and loan loss allowances on hand to cover it. This gives Suncomp Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Suncomp Employees Credit Union has decreased its total deposits by $-182,000, resulting in -6.77% 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 Suncomp Employees 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. Suncomp Employees Credit Union has $5.09 million in assets with $2.61 million in equity, resulting in a capitalization level of 51.24%, which is excellent.

Institution Statistics

NCUA #22340
Year Chartered1976
Primary Regulator
Assets and Liabilities
Assets$5.09 million
Loans$3.66 million
Deposits$2.51 million
Equity Capital$2.57 million
Loan Loss Allowance$37,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.14 million
Equity Capital$2.44 million
Loan Loss Allowance$36,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.62%
Return on Assets2.44%
Return on Equity4.83%
Interest Income$68,000

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Suncomp Employees Credit Union Locations
Branch Office15185 INDUSTRIAL PARK RDBRISTOL, VA 24202