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Overview / Commentary
434-295-0181
1160 Pepsi Pl Ste 110b
Charlottesville, VA 22901

Virginia Trailways Credit Union is headquartered in Charlottesville and is the 139th largest credit union in the state of Virginia. It is also the 5,790th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 2 employees and 1,166 members. Virginia Trailways Credit Union has a C+ health rating.

Field of Membership Restrictions

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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 Trailways Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 Trailways Credit Union had $37,000 in non-current loans and owned real-estate with $264,000 in equity and loan loss allowances on hand to cover it. This gives Virginia Trailways Credit Union a Texas Ratio of 14.02% which is above average. 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 Trailways Credit Union decreased dramatically from 27.88% as of March 31, 2013 to 14.02% as of March 31, 2014, resulting in a positive change of 49.73%.This indicates that the balance sheet and financial strength for Virginia Trailways Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Virginia Trailways Credit Union has decreased its total deposits by $-9,000, resulting in -0.4% 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 Trailways Credit Union has shown is average.

Capitalization

GRADE:
B+

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 Trailways Credit Union has $2.53 million in assets with $264,000 in equity, resulting in a capitalization level of 10.44%, which is above average.

Institution Statistics

Overall
NCUA #6242
Year Chartered1949
Employees2
Primary Regulator
Assets and Liabilities
Assets$2.53 million
Loans$1.21 million
Deposits$2.27 million
Equity Capital$252,000
Loan Loss Allowance$12,000
Unbacked Noncurrent Loans$37,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.55 million
Equity Capital$258,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$37,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.1%
Return on Assets-0.16%
Return on Equity-1.59%
Interest Income$26,000
Rates

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Locations


Virginia Trailways Credit Union Locations
Branch Office1160 Pepsi Pl Ste 110BCharlottesville, VA 22901