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Overview / Commentary
804-355-9684
1601 Ownby Ln
Richmond, VA 23220

The Richmond Postal Credit Union In is headquartered in Richmond and is the 51st largest credit union in the state of Virginia. It is also the 1,759th largest credit union in the nation. It was established in 1923 and as of December of 2013, it had grown to 21 employees and 7,441 members. The Richmond Postal Credit Union In has a B health rating.

Field of Membership Restrictions

Must be an active or retired employee of the Richmond, Virginia area Post Office or several other companies. Also open to those who live, work, worship, volunteer or attend school in the City of Richmond, Virginia. - See Details

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The Richmond Postal Credit Union In has a relatively low asset base.

Texas Ratio

GRADE:
B

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 The Richmond Postal Credit Union In had $1.77 million in non-current loans and owned real-estate with $10.61 million in equity and loan loss allowances on hand to cover it. This gives The Richmond Postal Credit Union In a Texas Ratio of 16.71% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for The Richmond Postal Credit Union In decreased dramatically from 24.38% as of December 31, 2012 to 16.71% as of December 31, 2013, resulting in a positive change of 31.44%.This indicates that the balance sheet and financial strength for The Richmond Postal Credit Union In has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, The Richmond Postal Credit Union In has decreased its total deposits by -$3.19 million, resulting in -4.47% 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 The Richmond Postal Credit Union In has shown is below average.

Capitalization

GRADE:
A+

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. The Richmond Postal Credit Union In has $77.85 million in assets with $10.61 million in equity, resulting in a capitalization level of 13.63%, which is excellent.

Institution Statistics

Overall
NCUA #66929
Year Chartered1923
Employees21
Primary Regulator
Assets and Liabilities
Assets$77.85 million
Loans$37.00 million
Deposits$68.12 million
Equity Capital$9.60 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$1.36 million
Real Estate Owned$409,000
Historic Data - December 2012
Assets$80.75 million
Equity Capital$9.31 million
Loan Loss Allowance$1.09 million
Unbacked Noncurrent Loans$1.36 million
Real Estate Owned$96,000
Profit Margin - Quarterly
Net Interest Margin6.58%
Return on Assets0.52%
Return on Equity4.24%
Interest Income$3.07 million
Rates
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The Richmond Postal Credit Union In Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Share Savings
0.20%--Traditional IRA
0.20%--Christmas Club
0.20%--Kids Club
0.20%--Teen Club
0.20%--Trust Savings
0.20%--Custodian Savings

The Richmond Postal Credit Union In CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-60 Month CD
1.25%$500-48 Month CD
1.00%$500-36 Month CD
0.75%$100k-12 Month Century CD
0.60%$500-24 Month CD
0.60%$50k-12 Month Jumbo CD
0.50%$500-12 Month CD
0.30%$500-6 Month CD

The Richmond Postal Credit Union In IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-60 Month IRA
1.25%$500-48 Month IRA
1.00%$500-36 Month IRA
0.60%$500-24 Month IRA
0.60%$50k-12 Month Jumbo IRA
0.50%$500-12 Month IRA
0.30%$500-6 Month IRA
Locations


The Richmond Postal Credit Union In Locations
Branch Office1601 Ownby LnRichmond, VA 23220