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Overview / Commentary

Vantage Point Credit Union is headquartered in HOPEWELL and is the 74th largest credit union in the state of Virginia. It is also the 2,892nd largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 12 employees and 3,767 members. Vantage Point Credit Union's savings rates are 63% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

live, work, worship, volunteer, or go to attend school in, and businesses and other legal entities located in City of Hopewell, Chesterfield County, City of Colonial Heights, Dinwiddie County, City of Petersburg, Prince George County or Sussex County. - See Details

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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. Vantage Point Credit Union has a 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 Vantage Point Credit Union had $89,000 in non-current loans and owned real-estate with $4.01 million in equity and loan loss allowances on hand to cover it. This gives Vantage Point Credit Union a Texas Ratio of 2.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Vantage Point Credit Union experienced no significant changes from 1.95% as of March 31, 2013 to 2.22% as of March 31, 2014, resulting in a negative change of 13.82%. This indicates that the balance sheet and financial strength for Vantage Point Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Vantage Point Credit Union has increased its total deposits by $1.56 million, resulting in 5.91% 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 Vantage Point Credit Union has shown is excellent.



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. Vantage Point Credit Union has $31.87 million in assets with $4.01 million in equity, resulting in a capitalization level of 12.58%, which is excellent.

Institution Statistics

NCUA #17630
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$31.87 million
Loans$10.58 million
Deposits$27.86 million
Equity Capital$3.94 million
Loan Loss Allowance$68,000
Unbacked Noncurrent Loans$89,000
Real Estate Owned$0
Historic Data - March 2013
Assets$30.08 million
Equity Capital$3.71 million
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$89,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.44%
Return on Equity3.55%
Interest Income$240,000
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Vantage Point Credit Union Savings Account Rates

0.85%$5k-IRA Shares
0.30%$5k$100mRegular Shares

Vantage Point Credit Union Checking Account Rates

0.05%$500-Draft (Checking)

Vantage Point Credit Union CD Rates

1.00%$1k-30 Month CD
0.60%$1k-12 Month CD
0.35%$1k-6 Month CD

Vantage Point Credit Union Locations
Branch Office3600 OAKLAWN BLVDHOPEWELL, VA 23860
Branch Office227 E BROADWAYHOPEWELL, VA 23860
Branch Office227 E BROADWAYHOPEWELL, VA 23860