Overview / Commentary
Loudoun Credit Union is headquartered in Leesburg and is the 60th largest credit union in the state of Virginia. It is also the 2,383rd largest credit union in the nation. It was established in 1978 and as of December of 2021, it had grown to 10 employees and 5,272 members at 1 location. Loudoun Credit Union has a B+ health rating.
Field of Membership Restrictions
Loudon Credit Union is open to employees and elected officials of Loudoun County, employees of the towns in Loudoun County, INOVA Loudoun Hospital and its affiliates, Loudoun Water, Echoworks, and students and employees of Loudoun County Public Schools and other select organizations.
See current membership details
Health
B+
Data as of Q4 2021
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. Loudoun Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66954 |
| Year Chartered | 1978 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 5.36% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $57.6MM$51.2MM |
| Loans | Q4 2021vs Q4 2020 | $18.5MM$19.8MM |
| Deposits | Q4 2021vs Q4 2020 | $53.2MM$46.8MM |
| Equity Capital | Q4 2021vs Q4 2020 | $4.0MM$4.3MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $79.00K$118.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $127.00K$147.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |