Partners Financial Federal Credit Union
LOCATIONS
4
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HEALTH RATING
B+
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CURRENT TOP RATE
1.11% APY
5 Year Share Certificate
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Overview / Commentary
Partners Financial Federal Credit Union is headquartered in Glen Allen and is the 51st largest credit union in the state of Virginia. It is also the 1,878th largest credit union in the nation. It was established in 1958 and as of June of 2020, it had grown to 19 employees and 8,398 members at 4 locations. Partners Financial Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Partners Financial Credit Union is open to those who live, work, worship, attend school, or volunteer in the Virginia counties of Chesterfield, Hanover, or Henrico, or in the City of Richmond. Immediate family and household members of current members also qualify.
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Health
B+
Data as of Q2 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. Partners Financial Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12456 |
| Year Chartered | 1958 |
| Employees | 19 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 3.55% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $85.0MM$78.1MM |
| Loans | Q2 2020vs Q2 2019 | $53.6MM$61.4MM |
| Deposits | Q2 2020vs Q2 2019 | $77.9MM$69.4MM |
| Equity Capital | Q2 2020vs Q2 2019 | $6.9MM$6.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $192.00K$287.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $242.00K$268.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |