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Overview / Commentary
828 Providence Rd
Chesapeake, VA 23325

Ibew Local Union 80 Federal Credit Union is headquartered in Chesapeake and is the 133rd largest credit union in the state of Virginia. It is also the 5,622nd largest credit union in the nation. It was established in 1970 and as of June of 2016, it had grown to 1 employees and 658 members at 1 location. Ibew Local Union 80 Federal Credit Union has a C- health rating.

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Health
C-
Additional 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. Ibew Local Union 80 Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #20004
Year Chartered1970
Employees1
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.7%
Annual Interest Income$22.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.2MM$1.3MM
LoansQ2 2016vs Q2 2015$338.00K$368.00K
DepositsQ2 2016vs Q2 2015$1.1MM$1.2MM
Equity CapitalQ2 2016vs Q2 2015$115.00K$99.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$14.00K$11.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$21.00K$2.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates

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Locations


Ibew Local Union 80 Federal Credit Union Locations
Branch Office828 Providence RdChesapeake, VA 23325-4012