Overview / Commentary
Northern Star Credit Union is headquartered in Portsmouth and is the 52nd largest credit union in the state of Virginia. It is also the 2,014th largest credit union in the nation. It was established in 1929 and as of June of 2022, it had grown to 19 employees and 8,811 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, or attend school in the Virginia communities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, or Virginia Beach.
See current membership details
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Health
B
Data as of Q2 2022
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 | 19 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 3.2% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $85.1MM$94.1MM |
| Loans | Q2 2022vs Q2 2021 | $49.6MM$48.0MM |
| Deposits | Q2 2022vs Q2 2021 | $77.0MM$76.3MM |
| Equity Capital | Q2 2022vs Q2 2021 | $5.1MM$10.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $538.00K$1.2MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $518.00K$199.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$443.00K |