Virginia State University Credit Union

Virginia State University Credit Union is headquartered in Ettrick and is the 104^th largest credit union in the state of Virginia. It is also the 4,525^th largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 7 employees and 2,280 members. Virginia State University Credit Union has a 1-star health rating.

Data for Q4 2011

Institution Statistics VIRGINIA STATE UNIVERSITY NCUA # 3029 BankRate Report View Year Chartered 1939 Employees 7 Primary Regulator Assets and Liabilities Assets $10.60 million Loans $6.26 million Deposits $9.77 million Equity Capital $679,000 Loan Loss Allowance $91,000 Unbacked Noncurrent Loans $619,000 Historic Data - December 2010 Assets $11.53 million Equity Capital $745,000 Loan Loss Allowance $112,000 Unbacked Noncurrent Loans $231,000 Profit Margin - Quarterly Net Interest Margin 7.12% Return on Assets -0.62% Return on Equity -9.72% Interest Income $568,000 Non-Interest Income $178,000

Institution Health Overall Score: 1 out of 5 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, 2011 Virginia State University Credit Union had $619,000 in non-current loans and owned real-estate with $770,000 in equity and loan loss allowances on hand to cover it. This gives Virginia State University Credit Union a Texas Ratio of 80.39% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Virginia State University Credit Union increased slightly from 26.95% as of December 31, 2010 to 80.39% as of December 31, 2011, resulting in a negative change of 198.24%. This indicates that the balance sheet and financial strength for Virginia State University Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Virginia State University Credit Union has decreased its total deposits by $-858,000, resulting in -8.07% 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 State University Credit Union has shown is poor. Capitalization 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 State University Credit Union has $10.6 million in assets with $770,000 in equity, resulting in a capitalization level of 7.26%, which is below average.

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