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Overview / Commentary
205 W Laurel Ave
Damascus, VA 24236

WJC Federal Credit Union is headquartered in Damascus and is the 132nd largest credit union in the state of Virginia. It is also the 5,563rd largest credit union in the nation. It was established in 1982 and as of March of 2014, it had grown to 1 employees and 685 members. WJC Federal Credit Union has a D health rating.

Field of Membership Restrictions

On May 23, 2012 we received approval from the National Credit Union Administration to become a community credit union. Our field of membership covering Washington County, Virginia and Johnson County, Tennessee. Hence the name “WJC Federal Credit Union." - See Details

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Data for Q1 2014

Institution Health

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

Texas Ratio


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 WJC Federal Credit Union had $57,000 in non-current loans and owned real-estate with $263,000 in equity and loan loss allowances on hand to cover it. This gives WJC Federal Credit Union a Texas Ratio of 21.67% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for WJC Federal Credit Union increased slightly from 13.39% as of March 31, 2013 to 21.67% as of March 31, 2014, resulting in a negative change of 61.83%. This indicates that the balance sheet and financial strength for WJC Federal Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, WJC Federal Credit Union has decreased its total deposits by $-370,000, resulting in -10.04% 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 WJC Federal Credit Union has shown is poor.



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. WJC Federal Credit Union has $3.56 million in assets with $263,000 in equity, resulting in a capitalization level of 7.39%, which is below average.

Institution Statistics

NCUA #23938
Year Chartered1982
Primary Regulator
Assets and Liabilities
Assets$3.56 million
Loans$3.02 million
Deposits$3.32 million
Equity Capital$238,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$57,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.00 million
Equity Capital$311,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$57,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.11%
Return on Equity1.68%
Interest Income$49,000
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WJC Federal Credit Union Savings Account Rates

0.30%$10k-Savings Account

WJC Federal Credit Union CD Rates

1.00%$1k-5 Year CD
0.95%$1k-4 Year CD
0.80%$1k-3 Year CD
0.65%$1k-2 Year CD
0.45%$1k-1 Year CD

WJC Federal Credit Union Locations
Branch Office205 W Laurel AveDamascus, VA 24236