Beach Municipal Federal Credit Union
Overview / Commentary
Beach Municipal Federal Credit Union is headquartered in Virginia Beach and is the 40th largest credit union in the state of Virginia. It is also the 1,392nd largest credit union in the nation. It was established in 1970 and as of December of 2022, it had grown to 31 employees and 9,240 members at 2 locations. Beach Municipal Federal Credit Union has an A health rating.
Field of Membership Restrictions
Must be an employee, appointed member or volunteer of the City of Virginia Beach.
See current membership details
Health
A
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20394 |
| Year Chartered | 1970 |
| Employees | 31 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 6.21% |
| Annual Interest Income | $4.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $168.1MM$163.2MM |
| Loans | Q4 2022vs Q4 2021 | $74.2MM$66.8MM |
| Deposits | Q4 2022vs Q4 2021 | $149.7MM$145.6MM |
| Equity Capital | Q4 2022vs Q4 2021 | $17.5MM$16.7MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $264.00K$156.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $493.00K$575.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |