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Overview / Commentary
501 Viking Dr # A
Virginia Beach, VA 23452

Va Beach Postal Credit Union is headquartered in Virginia Beach and is the 112st largest credit union in the state of Virginia. It is also the 4,912st largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 3 employees and 1,073 members. Va Beach Postal Credit Union's savings rates are 94% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must be an employee of the Virginia Beach Postal Service. - See Details

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Data for Q4 2013

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. Va Beach Postal Credit Union has a very low asset base.

Texas Ratio


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 Va Beach Postal Credit Union had $85,000 in non-current loans and owned real-estate with $731,000 in equity and loan loss allowances on hand to cover it. This gives Va Beach Postal Credit Union a Texas Ratio of 11.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Va Beach Postal Credit Union decreased dramatically from 20.70% as of December 31, 2012 to 11.63% as of December 31, 2013, resulting in a positive change of 43.83%.This indicates that the balance sheet and financial strength for Va Beach Postal Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Va Beach Postal Credit Union has decreased its total deposits by $-140,000, resulting in -2.19% 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 Va Beach Postal Credit Union has shown is 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. Va Beach Postal Credit Union has $6.97 million in assets with $731,000 in equity, resulting in a capitalization level of 10.49%, which is above average.

Institution Statistics

NCUA #15536
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$6.97 million
Loans$4.48 million
Deposits$6.25 million
Equity Capital$716,000
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$85,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.98 million
Equity Capital$583,000
Loan Loss Allowance$45,000
Unbacked Noncurrent Loans$85,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.04%
Return on Assets1.89%
Return on Equity18.44%
Interest Income$349,000
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Va Beach Postal Credit Union Savings Account Rates

1.01%--IRA Savings (Traditional,Roth,CESA)
0.40%$75k-Share Savings
0.40%$75k-Club One Savings
0.40%$75k-Club Two Savings
0.10%--Christmas Club Savings

Va Beach Postal Credit Union Locations
Branch Office501 Viking Dr # AVirginia Beach, VA 23452-7306