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Appalachian Power Employees Credit Union

Overview / Commentary
304-696-1399
1122 7Th Avenue
Huntington, WV 25701

Appalachian Power Employees Credit Union is headquartered in HUNTINGTON and is the 60th largest credit union in the state of West Virginia. It is also the 4,723rd largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 2 employees and 1,220 members. Appalachian Power Employees Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be employee of Appalachian Power Company Corp. - See Details

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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. Appalachian Power Employees Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Appalachian Power Employees Credit Union had $74,000 in non-current loans and owned real-estate with $1.22 million in equity and loan loss allowances on hand to cover it. This gives Appalachian Power Employees Credit Union a Texas Ratio of 6.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Appalachian Power Employees Credit Union decreased slightly from 8.58% as of March 31, 2013 to 6.08% as of March 31, 2014, resulting in a positive change of 29.16%.This indicates that the balance sheet and financial strength for Appalachian Power Employees Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Appalachian Power Employees Credit Union has decreased its total deposits by $-287,000, resulting in -3.87% 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 Appalachian Power Employees Credit Union has shown is below average.

Capitalization

GRADE:
A+

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. Appalachian Power Employees Credit Union has $8.35 million in assets with $1.22 million in equity, resulting in a capitalization level of 14.59%, which is excellent.

Institution Statistics

Overall
NCUA #1463
Year Chartered1936
Employees2
Primary Regulator
Assets and Liabilities
Assets$8.35 million
Loans$2.52 million
Deposits$7.13 million
Equity Capital$1.19 million
Loan Loss Allowance$24,000
Unbacked Noncurrent Loans$74,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.62 million
Equity Capital$1.18 million
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$74,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.43%
Return on Assets0%
Return on Equity0%
Interest Income$44,000
Rates
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Appalachian Power Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Savings Account
Locations


Appalachian Power Employees Credit Union Locations
Branch Office1122 7TH AVEHUNTINGTON, WV 25701