Overview / Commentary
Fedstar Federal Credit Union is headquartered in Salem and is the 72nd largest credit union in the state of Virginia. It is also the 3,189th largest credit union in the nation. It was established in 1947 and as of March of 2020, it had grown to 9 employees and 3,356 members at 2 locations. Fedstar Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in the Roanoke, Virginia area.
See current membership details
Related Posts
Health
B
Data as of Q1 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Fedstar Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5486 |
| Year Chartered | 1947 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 12.99% |
| Annual Interest Income | $335.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $23.3MM$22.0MM |
| Loans | Q1 2020vs Q1 2019 | $20.3MM$18.1MM |
| Deposits | Q1 2020vs Q1 2019 | $23.4MM$20.6MM |
| Equity Capital | Q1 2020vs Q1 2019 | $1.7MM$1.5MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $116.00K$64.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $95.00K$319.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |