NMA Federal Credit Union is headquartered in Virginia Beach and is the 60th largest credit union in the state of Virginia. It is also the 2,254th largest credit union in the nation. It was established in 1960 and as of June of 2020, it had grown to 21 employees and 7,992 members at 8 locations. NMA Federal Credit Union has a B+ health rating.
NMA
NMA is more like a local bank and to think local you would think convenience. Wrong this bank is closed on Wed. and Sat. they also closed for an hour break during the week. The bank have no local fee free ATM'S. The only good thing about this bank and the reason why I still have this bank is because it's a five minute drive from my house while the other banks in my area are a further drive. The employees are very friendly and helpful when they can.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13491 |
| Year Chartered | 1960 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.38% |
| Return on Equity - YTD | -21.47% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $59.8MM$58.5MM |
| Loans | Q2 2020vs Q2 2019 | $30.4MM$38.3MM |
| Deposits | Q2 2020vs Q2 2019 | $55.6MM$52.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $3.7MM$5.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $375.00K$406.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $176.00K$560.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |