Bayer Heritage Federal Credit Union

Bayer Heritage Federal Credit Union Locations

17612 Energy Rd
Proctor, WV 26055
304-455-4029
www.bayerhfcu.com

NCUA

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Bayer Heritage Federal Credit Union is headquartered in Proctor and is the 2^nd largest credit union in the state of West Virginia. It is also the 647^th largest credit union in the nation. It was established in 1957 and as of December of 2012, it had grown to 96 employees and 29,695 members. Bayer Heritage Federal Credit Union's savings rates are 44% higher than the national average, and it has a 4-star health rating.

New Higher CD Rates at Bayer Heritage FCU in WV, OH & SC - Local Only - 4/1/2011

I hope this isn't an April's Fools joke, but Bayer Heritage Federal Credit Union has just increased some of its CD rates which were already very competitive. The best rates are 3.56% APY for a 5-year ...

Competitive 5-Year CD Rate at Bayer Heritage FCU in WV, OH & SC - Local Only - 2/15/2011

Bayer Heritage FCU continues to offer two very competitive long-term CD and IRA CD rates: 3.17% APY 5-year and 2.91% APY for terms of 48 to 59 months. Minimum deposit is $500. The shorter terms are no ...

Top 48-Month & 60-Month CD Rates at Bayer Heritage FCU in WV, OH & SC - Local Only - 5/18/2010

Bayer Heritage FCU has two very competitive long-term CD rates: 3.69% APY 5-year and 3.43% APY for terms of 48 to 59 months. Minimum deposit is $500, and these are also available in an IRA. The short ...

6.04% 60-Month / 5.90% 48-Month CD at a Multi-State CU (Bayer Heritage) - 7/9/2007

Bayer Heritage FCU has very competitive yields on its long-term certificates (see rate table). The high rates include a 6.04% APY for a 60-month term, 5.90% APY for a 48-to-59 month term and a 5.51% APY for a 36-to-47 month term. The minimum deposit is...

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See Rates for: Checking | Savings | CD | IRA

Bayer Heritage Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Checking

Bayer Heritage Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.75%	-	-	Traditional IRA Savings
0.75%	-	-	Roth IRA Savings
0.75%	-	-	Coverdell Education Savings
0.25%	-	-	Christmas Club
0.15%	-	-	Savings
0.15%	-	-	Vacation Club

Bayer Heritage Federal Credit Union CD Rates

Apy	Min	Max	Product
1.64%	$500	-	60 Month Share Certificate
1.38%	$500	-	48 - 59 Month Share Certificate
0.88%	$500	-	36 - 47 Month Share Certificate
0.75%	$500	-	24 - 35 Month Share Certificate
0.63%	$500	-	12 - 23 Month Share Certificate
0.38%	$500	-	3 - 5 Month Share Certificate
0.38%	$500	-	6 - 11 Month Share Certificate

Bayer Heritage Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.64%	$500	-	60 Month CESA Certificate
1.64%	$500	-	60 Month IRA Certificate
1.64%	$500	-	60 Month Roth IRA Certificate
1.38%	$500	-	48 - 59 Month CESA Certificate
1.38%	$500	-	48 - 59 Month IRA Certificate Certificate
1.38%	$500	-	48 - 59 Month Roth IRA Certificate
0.88%	$500	-	36 - 47 Month CESA Certificate
0.88%	$500	-	36 - 47 Month IRA Certificate
0.88%	$500	-	36 - 47 Month Roth IRA Certificate
0.75%	$500	-	24 - 35 Month CESA Certificate
0.75%	$500	-	24 - 35 Month IRA Certificate
0.75%	$500	-	24 - 35 Month Roth IRA Certificate
0.63%	$500	-	12 - 23 Month CESA Certificate
0.63%	$500	-	12 - 23 Month IRA Certificate
0.63%	$500	-	12 - 23 Month Roth IRA Certificate
0.38%	$500	-	3 - 5 Month CESA Certificate
0.38%	$500	-	6 - 11 Month CESA Certificate
0.38%	$500	-	3 - 5 Month IRA Certificate
0.38%	$500	-	6 - 11 Month IRA Certificate
0.38%	$500	-	3 - 5 Month Roth IRA Certificate
0.38%	$500	-	6 - 11 Month Roth IRA Certificate

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

BAYER HERITAGE
NCUA #	11836
BankRate Report	View
Year Chartered	1957
Employees	96
Primary Regulator
Assets and Liabilities
Assets	$308.91 million
Loans	$218.37 million
Deposits	$277.54 million
Equity Capital	$29.68 million
Loan Loss Allowance	$1.02 million
Unbacked Noncurrent Loans	$2.43 million
Real Estate Owned	$38,000
Historic Data - December 2011
Assets	$274.61 million
Equity Capital	$27.06 million
Loan Loss Allowance	$987,000
Unbacked Noncurrent Loans	$1.48 million
Real Estate Owned	$274,000
Profit Margin - Quarterly
Net Interest Margin	4.27%
Return on Assets	0.69%
Return on Equity	7.21%
Interest Income	$13.23 million
Non-Interest Income	$3.30 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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, 2012 Bayer Heritage Federal Credit Union had $2.46 million in non-current loans and owned real-estate with $30.7 million in equity and loan loss allowances on hand to cover it. This gives Bayer Heritage Federal Credit Union a Texas Ratio of 8.03% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bayer Heritage Federal Credit Union held steady from 6.24% as of December 31, 2011 to 8.03% as of December 31, 2012, resulting in a negative change of 28.70%. This indicates that the balance sheet and financial strength for Bayer Heritage Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Bayer Heritage Federal Credit Union has increased its total deposits by $31.17 million, resulting in 12.65% 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 Bayer Heritage Federal Credit Union has shown is excellent.
Capitalization
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. Bayer Heritage Federal Credit Union has $308.91 million in assets with $30.7 million in equity, resulting in a capitalization level of 9.94%, which is average.