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City Of Clarksburg Credit Union

City Of Clarksburg Credit Union
Overview / Commentary
444 W Main St Ste 4
Clarksburg, WV 26301-2861

City Of Clarksburg Credit Union is headquartered in Clarksburg and is the 59th largest credit union in the state of West Virginia. It is also the 4,687th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 1 employees and 904 members. City Of Clarksburg Credit Union has a C health rating.

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Health

Data for Q1 2014

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. City Of Clarksburg Credit Union has a very low asset base.

Texas Ratio

GRADE:
C+

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 City Of Clarksburg Credit Union had $289,000 in non-current loans and owned real-estate with $1.07 million in equity and loan loss allowances on hand to cover it. This gives City Of Clarksburg Credit Union a Texas Ratio of 26.91% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for City Of Clarksburg Credit Union increased slightly from 4.95% as of March 31, 2013 to 26.91% as of March 31, 2014, resulting in a negative change of 443.78%. This indicates that the balance sheet and financial strength for City Of Clarksburg Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, City Of Clarksburg Credit Union has decreased its total deposits by $-40,000, resulting in -0.53% 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 City Of Clarksburg Credit Union has shown is average.

Capitalization

GRADE:
A+

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. City Of Clarksburg Credit Union has $8.58 million in assets with $1.07 million in equity, resulting in a capitalization level of 12.52%, which is excellent.

Institution Statistics

Overall
NCUA #13426
Year Chartered1960
Employees1
Primary Regulator
Assets and Liabilities
Assets$8.58 million
Loans$7.00 million
Deposits$7.53 million
Equity Capital$1.02 million
Loan Loss Allowance$52,000
Unbacked Noncurrent Loans$289,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.45 million
Equity Capital$874,000
Loan Loss Allowance$96,000
Unbacked Noncurrent Loans$289,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets1.73%
Return on Equity14.48%
Interest Income$102,000
Rates

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Locations


City Of Clarksburg Credit Union Locations
Branch Office444 W Main St Ste 4Clarksburg, WV 26301-2861