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Overview / Commentary
1500 Maccorkle Ave
Charleston, WV 25314

Cha-Tel Credit Union is headquartered in Charleston and is the 54th largest credit union in the state of West Virginia. It is also the 4,537th largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 3 employees and 1,723 members. Cha-Tel Credit Union has a C+ health rating.

Field of Membership Restrictions

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Data for Q4 2013

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. Cha-Tel Credit Union has a very low asset base.

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, 2013 Cha-Tel Credit Union had $23,000 in non-current loans and owned real-estate with $900,000 in equity and loan loss allowances on hand to cover it. This gives Cha-Tel Credit Union a Texas Ratio of 2.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Cha-Tel Credit Union experienced no significant changes from 2.36% as of December 31, 2012 to 2.56% as of December 31, 2013, resulting in a negative change of 8.06%. This indicates that the balance sheet and financial strength for Cha-Tel Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Cha-Tel Credit Union has decreased its total deposits by $-442,000, resulting in -4.99% 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 Cha-Tel 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. Cha-Tel Credit Union has $9.34 million in assets with $900,000 in equity, resulting in a capitalization level of 9.64%, which is above average.

Institution Statistics

NCUA #15935
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$9.34 million
Loans$5.15 million
Deposits$8.42 million
Equity Capital$891,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$23,000
Real Estate Owned$0
Historic Data - December 2012
Assets$9.77 million
Equity Capital$857,000
Loan Loss Allowance$31,000
Unbacked Noncurrent Loans$23,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.2%
Return on Assets0.37%
Return on Equity3.93%
Interest Income$322,000
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Cha-Tel Credit Union Savings Account Rates

0.05%--Vacation Club
0.05%--Christmas Club

Cha-Tel Credit Union Locations
Branch Office1500 Maccorkle Ave SECharleston, WV 25396