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Overview / Commentary
CHARLESTON, WV 25301-2513

Charleston Credit Union is headquartered in CHARLESTON and is the 56th largest credit union in the state of West Virginia. It is also the 4,564th largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 2 employees and 1,196 members. Charleston Credit Union has a C health rating.

Field of Membership Restrictions

Must be a Federal employee who work in or is supervised from Kanawha Valley or be an employee of the University of Charleston, Charleston Job Corp., Goodwill Ind. or Northern Management who work in the Robert C. Byrd Federal Courthouse. - See Details

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Data for Q1 2014

Institution Health

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

Texas Ratio


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 Charleston Credit Union had $123,000 in non-current loans and owned real-estate with $812,000 in equity and loan loss allowances on hand to cover it. This gives Charleston Credit Union a Texas Ratio of 15.15% 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 Charleston Credit Union increased slightly from 4.01% as of March 31, 2013 to 15.15% as of March 31, 2014, resulting in a negative change of 278.19%. This indicates that the balance sheet and financial strength for Charleston Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Charleston Credit Union has increased its total deposits by $383,000, resulting in 4.7% 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 Charleston Credit Union has shown is excellent.



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. Charleston Credit Union has $9.33 million in assets with $812,000 in equity, resulting in a capitalization level of 8.70%, which is average.

Institution Statistics

NCUA #12922
Year Chartered1959
Primary Regulator
Assets and Liabilities
Assets$9.33 million
Loans$4.32 million
Deposits$8.54 million
Equity Capital$786,000
Loan Loss Allowance$26,000
Unbacked Noncurrent Loans$123,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.91 million
Equity Capital$744,000
Loan Loss Allowance$5,000
Unbacked Noncurrent Loans$123,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.56%
Return on Equity6.62%
Interest Income$74,000
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Charleston Credit Union Savings Account Rates

0.55%--Vacation Club
0.50%--Christmas Club

Charleston Credit Union Checking Account Rates

0.05%--Checking Account

Charleston Credit Union CD Rates

0.65%$10k-24 Month CD
0.55%$10k-18 Month CD
0.45%$10k-12 Month CD
0.35%$10k-6 Month CD
0.25%$10k-3 Month CD

Charleston Credit Union Locations
Branch Office300 VIRGINIA ST E RM 4203CHARLESTON, WV 25301-2513