Overview / Commentary
Bronco Federal Credit Union is headquartered in Franklin and is the 34th largest credit union in the state of Virginia. It is also the 1,108th largest credit union in the nation. It was established in 1941 and as of September of 2022, it had grown to 49 employees and 18,402 members at 3 locations. Bronco Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, regularly conduct business, worship or attend school in the Cities of Franklin, Suffolk, Chesapeake, Portsmouth, Norfolk and Virginia Beach; and Isle of Wight County or Southampton County.
See current membership details
Health
B+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4616 |
| Year Chartered | 1941 |
| Employees | 49 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 9.3% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $252.6MM$232.7MM |
| Loans | Q3 2022vs Q3 2021 | $160.0MM$125.5MM |
| Deposits | Q3 2022vs Q3 2021 | $232.3MM$214.0MM |
| Equity Capital | Q3 2022vs Q3 2021 | $19.9MM$18.5MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $837.00K$764.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.1MM$524.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$127.00K |