Blennerhassett Credit Union is headquartered in VIENNA and is the 68th largest credit union in the state of West Virginia. It is also the 5,287th largest credit union in the nation. It was established in 1955 and as of September of 2013, it had grown to 2 employees and 678 members. Blennerhassett Credit Union has a B+ health rating.
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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 September 30, 2013 Blennerhassett Credit Union had $0 in non-current loans and owned real-estate with $551,000 in equity and loan loss allowances on hand to cover it. This gives Blennerhassett Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Blennerhassett Credit Union increased slightly from 12.04% as of September 30, 2012 to 0.00% as of September 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Blennerhassett Credit Union has declined slightly in recent periods.
In the past year, Blennerhassett Credit Union has decreased its total deposits by $-324,000, resulting in -6.93% 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 Blennerhassett Credit Union has shown is below average.
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. Blennerhassett Credit Union has $5.16 million in assets with $551,000 in equity, resulting in a capitalization level of 10.68%, which is above average.
|Assets and Liabilities|
|Loan Loss Allowance||$20,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$1.34 million|
|Loan Loss Allowance||$44,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.87%|
|Return on Assets||-13.7%|
|Return on Equity||-133.08%|
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|Blennerhassett Credit Union Locations|
|Branch Office||302 29th St||Vienna, WV 26105|