The following ratios and data are available to help you better understand the financial condition of Roanoke Valley.
The data is provided by the NCUA. Please remember that all federal credit unions listed on BestCashCow.com are NCUA insured.
No depositor has ever lost money while their funds have been insured by NCUA.
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses.
As of December 31, 2012, Roanoke Valley had $267,517 in non-current loans and $307,030 in owned assets.
To cover these potential losses it had $5,592,440 in net worth and $211,390 in loans loss reserves.
That gives it a Texas Ratio of 9.90%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a credit union has to absorb its loan losses.
Roanoke Valley FCU has a net worth of 8.95% versus the BestCashCow average of 10.44%.
Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.