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Overview / Commentary
304-746-5111
1000 CENTRE WAY
Charleston, WV 25309

Charleston Postal Credit Union is headquartered in CHARLESTON and is the 75th largest credit union in the state of West Virginia. It is also the 5,561st largest credit union in the nation. It was established in 1925 and as of December of 2013, it had grown to 2 employees and 797 members. Charleston Postal Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be a postal employee within the current Appalachian District postal area. - See Details

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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. Charleston Postal Credit Union has a very low asset base.

Texas Ratio

GRADE:
A

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 Charleston Postal Credit Union had $31,000 in non-current loans and owned real-estate with $374,000 in equity and loan loss allowances on hand to cover it. This gives Charleston Postal Credit Union a Texas Ratio of 8.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Charleston Postal Credit Union decreased dramatically from 15.07% as of December 31, 2012 to 8.29% as of December 31, 2013, resulting in a positive change of 45.01%.This indicates that the balance sheet and financial strength for Charleston Postal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Charleston Postal Credit Union has decreased its total deposits by $-28,000, resulting in -0.84% 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 Postal Credit Union has shown is average.

Capitalization

GRADE:
B+

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 Postal Credit Union has $3.63 million in assets with $374,000 in equity, resulting in a capitalization level of 10.30%, which is above average.

Institution Statistics

Overall
NCUA #24743
Year Chartered1925
Employees2
Primary Regulator
Assets and Liabilities
Assets$3.63 million
Loans$2.61 million
Deposits$3.31 million
Equity Capital$319,000
Loan Loss Allowance$55,000
Unbacked Noncurrent Loans$31,000
Real Estate Owned$0
Historic Data - December 2012
Assets$3.65 million
Equity Capital$304,000
Loan Loss Allowance$41,000
Unbacked Noncurrent Loans$31,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.93%
Return on Assets0.41%
Return on Equity4.7%
Interest Income$189,000
Rates
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Charleston Postal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.01%--Club Accounts
0.01%--Share Accounts

Charleston Postal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.30%--1 Year CD
Locations


Charleston Postal Credit Union Locations
Branch Office1000 CENTRE WAYCHARLESTON, WV 25309
Branch Office1002 LEE ST ECHARLESTON, WV 25328