Overview / Commentary
Tuscaloosa VA Federal Credit Union is headquartered in Tuscaloosa and is the 45th largest credit union in the state of Alabama. It is also the 2,596th largest credit union in the nation. It was established in 1951 and as of December of 2020, it had grown to 10 employees and 3,271 members at 2 locations. Tuscaloosa VA Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Tuscaloosa VA Federal Credit Union is open to anyone who lives, works, worships, operates a business or goes to school in Tuscaloosa or Sumter counties.
See current membership details
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Health
C+
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. Tuscaloosa VA Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7532 |
| Year Chartered | 1951 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 4.49% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $44.0MM$38.7MM |
| Loans | Q4 2020vs Q4 2019 | $15.1MM$15.4MM |
| Deposits | Q4 2020vs Q4 2019 | $38.4MM$33.6MM |
| Equity Capital | Q4 2020vs Q4 2019 | $5.1MM$4.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $346.00K$331.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.2MM$0 |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |