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Overview / Commentary
1 Cantley Dr
Charleston, WV 25314

Atlantic Greyhound Credit Union is headquartered in Charleston and is the 76th largest credit union in the state of West Virginia. It is also the 5,598th largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 1 employees and 590 members. Atlantic Greyhound Credit Union has a C health rating.

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Health

Data for Q4 2013

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. Atlantic Greyhound Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Atlantic Greyhound Credit Union had $258,000 in non-current loans and owned real-estate with $1.18 million in equity and loan loss allowances on hand to cover it. This gives Atlantic Greyhound Credit Union a Texas Ratio of 21.85% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Atlantic Greyhound Credit Union decreased dramatically from 43.12% as of December 31, 2012 to 21.85% as of December 31, 2013, resulting in a positive change of 49.34%.This indicates that the balance sheet and financial strength for Atlantic Greyhound Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Atlantic Greyhound Credit Union has decreased its total deposits by $-718,000, resulting in -21.56% 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 Atlantic Greyhound Credit Union has shown is poor.

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. Atlantic Greyhound Credit Union has $3.46 million in assets with $1.18 million in equity, resulting in a capitalization level of 34.16%, which is excellent.

Institution Statistics

Overall
NCUA #12252
Year Chartered1958
Employees1
Primary Regulator
Assets and Liabilities
Assets$3.46 million
Loans$1.10 million
Deposits$2.61 million
Equity Capital$839,000
Loan Loss Allowance$342,000
Unbacked Noncurrent Loans$190,000
Real Estate Owned$68,000
Historic Data - December 2012
Assets$4.30 million
Equity Capital$991,000
Loan Loss Allowance$150,000
Unbacked Noncurrent Loans$190,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.76%
Return on Assets-4.4%
Return on Equity-18.12%
Interest Income$106,000
Rates

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Locations


Atlantic Greyhound Credit Union Locations
Branch Office1 Cantley DrCharleston, WV 25314-1089