Valley Industrial Credit Union

Valley Industrial Credit Union is headquartered in Waynesboro and is the 117^st largest credit union in the state of Virginia. It is also the 4,945^th largest credit union in the nation. It was established in 1977 and as of December of 2011, it had grown to 5 employees and 1,414 members. Valley Industrial Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Valley Industrial Credit Union Routing Number: 251484941

Valley Industrial Credit Union Savings Account Rates

Valley Industrial Credit Union CD Rates

Valley Industrial Credit Union IRA Rates

Data for Q4 2011

Institution Statistics VALLEY INDUSTRIAL CREDIT UNION NCUA # 66893 BankRate Report View Year Chartered 1977 Employees 5 Primary Regulator Assets and Liabilities Assets $7.93 million Loans $4.83 million Deposits $7.23 million Equity Capital $684,000 Loan Loss Allowance $40,000 Unbacked Noncurrent Loans $212,000 Historic Data - December 2010 Assets $6.32 million Equity Capital $655,000 Loan Loss Allowance $47,000 Unbacked Noncurrent Loans $297,000 Profit Margin - Quarterly Net Interest Margin 6.89% Return on Assets 0.11% Return on Equity 1.32% Interest Income $394,000 Non-Interest Income $69,000

Institution Health Overall Score: 4 out of 5 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, 2011 Valley Industrial Credit Union had $212,000 in non-current loans and owned real-estate with $724,000 in equity and loan loss allowances on hand to cover it. This gives Valley Industrial Credit Union a Texas Ratio of 29.28% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Valley Industrial Credit Union decreased slightly from 42.31% as of December 31, 2010 to 29.28% as of December 31, 2011, resulting in a positive change of 30.79%.This indicates that the balance sheet and financial strength for Valley Industrial Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Valley Industrial Credit Union has increased its total deposits by $1.57 million, resulting in 27.66% 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 Valley Industrial Credit Union has shown is excellent. Capitalization 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. Valley Industrial Credit Union has $7.93 million in assets with $724,000 in equity, resulting in a capitalization level of 9.13%, which is average.

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