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Virginia Gas Credit Union Inc.

Virginia Gas Credit Union Inc.
Overview / Commentary
107 S Coalter St
Staunton, VA 24401

Virginia Gas Credit Union Inc. is headquartered in Staunton and is the 136th largest credit union in the state of Virginia. It is also the 5,711st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 413 members. Virginia Gas Credit Union Inc. 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 Gas Credit Union Inc. 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 Gas Credit Union Inc. had $1,000 in non-current loans and owned real-estate with $388,000 in equity and loan loss allowances on hand to cover it. This gives Virginia Gas Credit Union Inc. a Texas Ratio of 0.26% 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 Gas Credit Union Inc. decreased dramatically from 0.72% as of March 31, 2013 to 0.26% as of March 31, 2014, resulting in a positive change of 64.09%.This indicates that the balance sheet and financial strength for Virginia Gas Credit Union Inc. has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Virginia Gas Credit Union Inc. has decreased its total deposits by $-123,000, resulting in -4.72% 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 Gas Credit Union Inc. has shown is below 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 Gas Credit Union Inc. has $2.87 million in assets with $388,000 in equity, resulting in a capitalization level of 13.53%, which is excellent.

Institution Statistics

Overall
NCUA #66990
Year Chartered1956
Employees0
Primary Regulator
Assets and Liabilities
Assets$2.87 million
Loans$188,000
Deposits$2.48 million
Equity Capital$386,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.02 million
Equity Capital$411,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.13%
Return on Assets-1.53%
Return on Equity-11.4%
Interest Income$8,000
Rates

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Locations


Virginia Gas Credit Union Inc. Locations
Branch Office107 S Coalter StStaunton, VA 244014340