Overview of MYRVCU

MYRVCU has been operating for 69 years, having first been established in the year 1953. The credit union mainly focuses on the provision of auto loans which represent 54% of its loans outstanding. In terms of its overall asset base, MYRVCU is larger than 52% of credit unions in the country. The National Credit Union Administration (NCUA) insures deposits at credit unions in addition to regulating and supervising them. The NCUA was formed by the U.S. Congress in 1970. The company has a total of 2 branches and employs a total of 20 employees.

Overview of the Credit Union’s Assets and Liabilities

As previously indicated, the credit union currently has total assets of $55 million, which makes it larger than 52% of credit unions in the United States. MYRVCU also has net loans outstanding to customers of $31 million and a deposit base of $48 million. The credit union also has a loan to deposit ratio of 65% which is higher than the average credit union of similar size. The loan to deposit ratio is a good way to assess how liquid a bank or credit union’s balance sheet is. Lastly, MYRVCU’s loan portfolio mainly consists of auto loans and mortgages and lines of credit which represent 54% and 24% of its loan book and had outstanding balances of $17 million and $7 million, respectively.

Contact and Other Helpful Information

  • Main Office Address: 340 Cash Road S.W., Camden, AR 71701-3705
  • Website: http://www.myrvcu.com
  • Phone: (870) 836-4400
  • Charter Number: 8812
  • Charter Year: 1953
  • Employees: 20
  • Routing Number: N/A
  • Membership: The credit union has a membership base of 7,258 which is greater than the average credit union operating within the state. Credit unions in Arkansas each have on average 6,542 members. Over the past three years, the credit union’s total base of members has increased by 0%.

MYRVCU: Financial Overview


Detailed above is a chart showing the progression of four important balance sheet items over the past year for MYRVCU. Assets and total loans for the credit union have expanded by 13.1% and expanded by 1.2%, respectively. In addition, the company’s auto loans, which as noted earlier is the largest portion of the loan book, has fallen by 5.1%. Lastly, the credit union’s deposits have grown by 14.3%. A credit union’s net worth is a good proxy for the value that a credit union has accrued over time. Based on the latest available information, MYRVCU’s net worth stands at $6 million. This implies that the credit union has a net worth per member of $833 which is below the national average of $1,606.

Overview of the Credit Union’s Performance Metrics


The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. Beginning with MYRVCU’s return on assets (aka ROA), on this statistic the credit union performs above the average comparable credit union. When we look at the year over year trends, we can see that ROA has been relatively stable given the 0.00% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. We look at the delinquency rate within a loan portfolio as a way to assess the performance and quality of a credit union’s loan book. A lower delinquency rate indicates a better performing portfolio. MYRVCU has a delinquency rate that is above its peer group average and when compared with the prior year, we can see that it has improved substantially. The net worth ratio for the credit union is 11.1% and has declined compared with the prior year figure of 11.9%. The credit union is also well above its peer group average of 10.2% on this metric. Finally, based on the NCUA guidelines, the company’s net worth ratio would classify it as well capitalized.


Our final rating for MYRVCU, after assessing the credit union on what we consider to be the important metrics, is 2.3 out of 5.0, which is below average. Finally, please note that the rating information presented is based on our proprietary scoring system. None of the work presented is intended to be investment advice or advice of any sort and is presented purely for informational purposes.