Midway Federal Credit Union
Overview / Commentary
Midway Federal Credit Union is headquartered in Winchester and is the 90th largest credit union in the state of Virginia. It is also the 3,921st largest credit union in the nation. It was established in 1961 and as of June of 2018, it had grown to 2 employees and 1,137 members at 2 locations. Midway Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees and contractors of FEMA, VA-NPSC, the US Army, Corps of Eng., Middle East District, or MWEOC.
See current membership details
Health
B
Data as of Q2 2018
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. Midway Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 14408 |
| Year Chartered | 1961 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 2.13% |
| Annual Interest Income | $201.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $12.0MM$12.1MM |
| Loans | Q2 2018vs Q2 2017 | $3.4MM$3.3MM |
| Deposits | Q2 2018vs Q2 2017 | $10.2MM$10.3MM |
| Equity Capital | Q2 2018vs Q2 2017 | $1.8MM$1.8MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $40.00K$65.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $10.00K$72.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates
Sorry, we do not have rate data for Midway Federal Credit Union.
Locations
| Midway Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 430 Market St | Winchester, VA 22603 |
| Corporate Office | 158 Front Royal Pike Ste 101 | Winchester, VA 22602 |