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Overview / Commentary
PO Box A Federal Prison Camp
Alderson, WV 24910-0990

Alderson Fci Credit Union is headquartered in Alderson and is the 64th largest credit union in the state of West Virginia. It is also the 5,039th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 1 employees and 819 members. Alderson Fci Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Alderson Fci Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alderson Fci Credit Union had $103,000 in non-current loans and owned real-estate with $677,000 in equity and loan loss allowances on hand to cover it. This gives Alderson Fci Credit Union a Texas Ratio of 15.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Alderson Fci Credit Union experienced no significant changes from 12.97% as of March 31, 2013 to 15.21% as of March 31, 2014, resulting in a negative change of 17.31%. This indicates that the balance sheet and financial strength for Alderson Fci Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Alderson Fci Credit Union has increased its total deposits by $258,000, resulting in 4.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alderson Fci Credit Union has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alderson Fci Credit Union has $6.29 million in assets with $677,000 in equity, resulting in a capitalization level of 10.76%, which is above average.

Institution Statistics

Overall
NCUA #10520
Year Chartered1955
Employees1
Primary Regulator
Assets and Liabilities
Assets$6.29 million
Loans$4.51 million
Deposits$5.59 million
Equity Capital$668,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.94 million
Equity Capital$573,000
Loan Loss Allowance$13,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.08%
Return on Assets1.59%
Return on Equity14.97%
Interest Income$77,000
Rates

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Locations


Alderson Fci Credit Union Locations
Branch Office1600 Industrial Park RdBeaver, WV 25813-9529
Branch OfficePO Box A Federal Prison CampAlderson, WV 24910-0990