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Overview / Commentary
5710 Lakeside Ave
Richmond, VA 23228

Virginia Boxer Credit Union is headquartered in Richmond and is the 135th largest credit union in the state of Virginia. It is also the 5,672nd largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 1 employees and 448 members. Virginia Boxer Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Virginia Boxer Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Virginia Boxer Credit Union had $10,000 in non-current loans and owned real-estate with $509,000 in equity and loan loss allowances on hand to cover it. This gives Virginia Boxer Credit Union a Texas Ratio of 1.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Virginia Boxer Credit Union decreased dramatically from 7.47% as of March 31, 2013 to 1.96% as of March 31, 2014, resulting in a positive change of 73.68%.This indicates that the balance sheet and financial strength for Virginia Boxer Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Virginia Boxer Credit Union has decreased its total deposits by $-4,000, resulting in -0.16% 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 Virginia Boxer Credit Union has shown is average.

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. Virginia Boxer Credit Union has $3.05 million in assets with $509,000 in equity, resulting in a capitalization level of 16.68%, which is excellent.

Institution Statistics

Overall
NCUA #19842
Year Chartered1969
Employees1
Primary Regulator
Assets and Liabilities
Assets$3.05 million
Loans$764,000
Deposits$2.55 million
Equity Capital$494,000
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$10,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.06 million
Equity Capital$491,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$10,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.55%
Return on Assets0%
Return on Equity0%
Interest Income$29,000
Rates

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Locations


Virginia Boxer Credit Union Locations
Branch Office5710 Lakeside AveRichmond, VA 23228