Overview / Commentary
First NRV Federal Credit Union is headquartered in Radford and is the 64th largest credit union in the state of Virginia. It is also the 2,670th largest credit union in the nation. It was established in 1937 and as of December of 2022, it had grown to 10 employees and 3,004 members at 2 locations. First NRV Federal Credit Union's CD rates are 2X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in First NRV Federal Credit Union is open to those who lve, work, worship, or attend school in the Virginia counties of Carroll, Floyd, Pulaski, or Wythe, or the Virginia cities of Galax or Radford.
See current membership details
Health
B
Data as of Q4 2022
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. First NRV Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 2263 |
| Year Chartered | 1937 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 14.42% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $41.7MM$38.8MM |
| Loans | Q4 2022vs Q4 2021 | $25.2MM$19.1MM |
| Deposits | Q4 2022vs Q4 2021 | $38.7MM$36.1MM |
| Equity Capital | Q4 2022vs Q4 2021 | $2.8MM$2.6MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $0$148.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $265.00K$145.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |