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P.O. Box 727
Hopewell, VA 23860

Vantage Point Credit Union is headquartered in HOPEWELL and is the 74th largest credit union in the state of Virginia. It is also the 2,913st largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 9 employees and 3,796 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 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. Vantage Point Credit Union has a 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 Vantage Point Credit Union had $82,000 in non-current loans and owned real-estate with $3.97 million in equity and loan loss allowances on hand to cover it. This gives Vantage Point Credit Union a Texas Ratio of 2.06% 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 0.86% as of December 31, 2012 to 2.06% as of December 31, 2013, resulting in a negative change of 139.81%. 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 $1.16 million, resulting in 4.56% 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 $30.51 million in assets with $3.97 million in equity, resulting in a capitalization level of 13.02%, which is excellent.

Institution Statistics

NCUA #17630
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$30.51 million
Loans$10.81 million
Deposits$26.54 million
Equity Capital$3.91 million
Loan Loss Allowance$68,000
Unbacked Noncurrent Loans$82,000
Real Estate Owned$0
Historic Data - December 2012
Assets$29.07 million
Equity Capital$3.62 million
Loan Loss Allowance$102,000
Unbacked Noncurrent Loans$82,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.72%
Return on Assets0.95%
Return on Equity7.42%
Interest Income$1.06 million
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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