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Overview / Commentary
765-674-6631
4505 S Adams St
Marion, IN 46953

Via Credit Union is headquartered in Marion and is the 21st largest credit union in the state of Indiana. It is also the 684th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 76 employees and 24,620 members. Via Credit Union has a A+ health rating.

Field of Membership Restrictions

Membership is open to anyone living or working in Blackford, Delaware, Grant, Hamilton, Howard, Huntington, Madison, Miami, Tipton, Wabash or Wells County in Indiana. You can also be eligible via family or select employer groups. - See Details

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Via Credit Union had $1.14 million in non-current loans and owned real-estate with $35.27 million in equity and loan loss allowances on hand to cover it. This gives Via Credit Union a Texas Ratio of 3.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Via Credit Union experienced no significant changes from 2.36% as of December 31, 2012 to 3.22% as of December 31, 2013, resulting in a negative change of 36.49%. This indicates that the balance sheet and financial strength for Via Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Via Credit Union has increased its total deposits by $9.96 million, resulting in 3.95% 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 Via Credit Union has shown is excellent.

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. Via Credit Union has $298.38 million in assets with $35.27 million in equity, resulting in a capitalization level of 11.82%, which is excellent.

Institution Statistics

Overall
NCUA #68572
Year Chartered1936
Employees76
Primary Regulator
Assets and Liabilities
Assets$298.38 million
Loans$133.69 million
Deposits$262.39 million
Equity Capital$34.22 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$1.10 million
Real Estate Owned$40,000
Historic Data - December 2012
Assets$286.64 million
Equity Capital$32.40 million
Loan Loss Allowance$976,000
Unbacked Noncurrent Loans$1.10 million
Real Estate Owned$87,000
Profit Margin - Quarterly
Net Interest Margin4.72%
Return on Assets0.61%
Return on Equity5.31%
Interest Income$9.03 million
Rates
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Via Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$25k-Money Market HSA
0.25%--Membership Share
0.25%--Secondary Share
0.25%--Christmas Club

Via Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$25k-Money Market IRA
0.45%$100k-Premier Money Market
0.45%$25k-Money Market Roth IRA
0.40%$25k-Money Market

Via Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.72%$500-60-71 Month Share Certificate
1.72%$500-60-71 Month HSA Certificate
1.52%$500-48-59 Month Share Certificate
1.52%$500-48-59 Month HSA Certificate
1.11%$10k-33 Month Special Share Certificate
1.11%$10k-33 Month Special HSA Certificate
1.01%$500-36-47 Month Share Certificate
1.01%$500-36-47 Month HSA Certificate
0.81%$500-30-35 Month Share Certificate
0.81%$500-30-35 Month HSA Certificate
0.66%$500-24-29 Month Share Certificate
0.66%$500-24-29 Month HSA Certificate
0.35%$500-18-23 Month Share Certificate
0.35%$500-18-23 Month HSA Certificate
0.31%-$1,20012 Month ViaStart Up Share Certificate
0.31%$500-12-17 Month Share Certificate
0.31%$500-12-17 Month HSA Certificate
0.20%$1k-6-11 Month Share Certificate
0.20%$1k-6-11 Month HSA Certificate
0.15%$1k-3-5 Month Share Certificate
0.15%$1k-3-5 Month HSA Certificate

Via Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.72%$500-60-71 Month IRA Certificate (Traditional,Roth)
1.52%$500-48-59 Month IRA Certificate (Traditional,Roth)
1.11%$10k-33 Month Special IRA Certificate (Traditional,Roth)
1.01%$500-36-47 Month IRA Certificate (Traditional,Roth)
0.81%$500-30-35 Month IRA Certificate (Traditional,Roth)
0.66%$500-24-29 Month IRA Certificate (Traditional,Roth)
0.35%$500-18-23 Month IRA Certificate (Traditional,Roth)
0.31%$500-12-17 Month IRA Certificate (Traditional,Roth)
0.20%$1k-6-11 Month IRA Certificate (Traditional,Roth)
0.15%$1k-3-5 Month IRA Certificate (Traditional,Roth)
Locations


Via Credit Union Locations
Branch Office6033 Big Play WayMarion, IN 46952
Branch Office202 W 3rd StMarion, IN 46952
Branch Office1033 E Main StGas City, IN 46933-1622
Branch Office2232 W 2nd StMarion, IN 46952-3230
Branch Office4505 S Adams StMarion, IN 46953-5351
Branch Office310 Huggins DrHartford City, IN 47348