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Overview / Commentary
304-526-2097
1340 Hal Greer Blvd
Huntington, WV 25701

Chhe Credit Union is headquartered in Huntington and is the 39th largest credit union in the state of West Virginia. It is also the 3,724th largest credit union in the nation. It was established in 1979 and as of March of 2014, it had grown to 7 employees and 2,800 members. Chhe Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee or medical staff of Cabell Huntington Hospital or be an employee of Marshall University Medical Center, Riverpark Hospital or Amis Systems, Inc. - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
A+

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 Chhe Credit Union had $87,000 in non-current loans and owned real-estate with $1.64 million in equity and loan loss allowances on hand to cover it. This gives Chhe Credit Union a Texas Ratio of 5.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Chhe Credit Union experienced no significant changes from 4.65% as of March 31, 2013 to 5.31% as of March 31, 2014, resulting in a negative change of 14.19%. This indicates that the balance sheet and financial strength for Chhe Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Chhe Credit Union has increased its total deposits by $237,000, resulting in 1.5% 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 Chhe Credit Union has shown is above average.

Capitalization

GRADE:
C+

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. Chhe Credit Union has $17.62 million in assets with $1.64 million in equity, resulting in a capitalization level of 9.29%, which is average.

Institution Statistics

Overall
NCUA #23545
Year Chartered1979
Employees7
Primary Regulator
Assets and Liabilities
Assets$17.62 million
Loans$4.93 million
Deposits$16.00 million
Equity Capital$1.63 million
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$87,000
Real Estate Owned$0
Historic Data - March 2013
Assets$17.38 million
Equity Capital$1.60 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$87,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.16%
Return on Assets-0.16%
Return on Equity-1.72%
Interest Income$128,000
Rates
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Chhe Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$200-Share Savings Account

Chhe Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-Share Draft Account

Chhe Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-36 Month Share Certificate
0.55%$500-24 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate
Locations


Chhe Credit Union Locations
Branch Office1340 Hal Greer BlvdHuntington, WV 25701
Branch Office1204 Hal Greer BlvdHuntington, WV 25701