Overview / Commentary
Northern Star Credit Union is headquartered in Portsmouth and is the 49th largest credit union in the state of Virginia. It is also the 1,836th largest credit union in the nation. It was established in 1929 and as of December of 2020, it had grown to 23 employees and 8,926 members at 1 location. Northern Star Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Northern Star Credit Union is open to those who live, work, worship, or attend school in the Virginia communities of Newport News, Hampton, Portsmouth, Norfolk, Virginia Beach, Chesapeake, or Suffolk.
See current membership details
Health
B+
Data as of Q4 2020
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. Northern Star Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66956 |
| Year Chartered | 1929 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.1% |
| Return on Equity - YTD | 0.82% |
| Annual Interest Income | $4.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $91.2MM$83.3MM |
| Loans | Q4 2020vs Q4 2019 | $50.4MM$42.8MM |
| Deposits | Q4 2020vs Q4 2019 | $73.0MM$65.1MM |
| Equity Capital | Q4 2020vs Q4 2019 | $10.6MM$9.9MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $949.00K$835.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $559.00K$846.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $1.2MM$1.5MM |