Overview / Commentary
Northern Star Credit Union is headquartered in Portsmouth and is the 50th largest credit union in the state of Virginia. It is also the 1,865th largest credit union in the nation. It was established in 1929 and as of June of 2021, it had grown to 24 employees and 8,895 members at 1 location. Northern Star Credit Union has an A 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
A
Data as of Q2 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. Northern Star Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66956 |
| Year Chartered | 1929 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 0.99% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $94.1MM$89.1MM |
| Loans | Q2 2021vs Q2 2020 | $48.0MM$41.9MM |
| Deposits | Q2 2021vs Q2 2020 | $76.3MM$70.3MM |
| Equity Capital | Q2 2021vs Q2 2020 | $10.3MM$10.6MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $1.2MM$690.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $199.00K$559.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $443.00K$1.5MM |