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City Of Clarksburg Credit Union

City Of Clarksburg Credit Union
Overview / Commentary
444 W. Main St. Suite 4
Clarksburg, WV 26301

City Of Clarksburg Credit Union is headquartered in CLARKSBURG and is the 58th largest credit union in the state of West Virginia. It is also the 4,667th largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 1 employees and 894 members. City Of Clarksburg Credit Union has a C+ health rating.

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

Texas Ratio

GRADE:
B

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 City Of Clarksburg Credit Union had $179,000 in non-current loans and owned real-estate with $1.01 million in equity and loan loss allowances on hand to cover it. This gives City Of Clarksburg Credit Union a Texas Ratio of 17.65% which is above 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 9.41% as of December 31, 2012 to 17.65% as of December 31, 2013, resulting in a negative change of 87.64%. This indicates that the balance sheet and financial strength for City Of Clarksburg Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, City Of Clarksburg Credit Union has increased its total deposits by $306,000, resulting in 4.22% 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 excellent.

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 $8.56 million in assets with $1.01 million in equity, resulting in a capitalization level of 11.85%, which is excellent.

Institution Statistics

Overall
NCUA #13426
Year Chartered1960
Employees1
Primary Regulator
Assets and Liabilities
Assets$8.56 million
Loans$6.43 million
Deposits$7.56 million
Equity Capital$985,000
Loan Loss Allowance$29,000
Unbacked Noncurrent Loans$179,000
Real Estate Owned$0
Historic Data - December 2012
Assets$8.10 million
Equity Capital$833,000
Loan Loss Allowance$113,000
Unbacked Noncurrent Loans$179,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.25%
Return on Assets1.75%
Return on Equity15.23%
Interest Income$423,000
Rates

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Locations


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