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Overview / Commentary
131 W Pike St
Clarksburg, WV 26301

CWV Tel Credit Union is headquartered in Clarksburg and is the 29th largest credit union in the state of West Virginia. It is also the 3,178th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 7 employees and 2,935 members. CWV Tel Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Verizon (formerly Bell Atlantic), AT&T, Lucent Technologies or other select companies. Also open to those who live, work, worship or attend school in Harrison County, West Virginia. - See Details

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Data for Q1 2014

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. CWV Tel Credit Union has a low asset base.

Texas Ratio


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 CWV Tel Credit Union had $70,000 in non-current loans and owned real-estate with $3.91 million in equity and loan loss allowances on hand to cover it. This gives CWV Tel Credit Union a Texas Ratio of 1.79% 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 CWV Tel Credit Union decreased slightly from 2.08% as of March 31, 2013 to 1.79% as of March 31, 2014, resulting in a positive change of 13.83%.This indicates that the balance sheet and financial strength for CWV Tel Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, CWV Tel Credit Union has increased its total deposits by $984,000, resulting in 4.72% 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 CWV Tel Credit Union has shown is excellent.



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. CWV Tel Credit Union has $25.86 million in assets with $3.91 million in equity, resulting in a capitalization level of 15.11%, which is excellent.

Institution Statistics

NCUA #6674
Year Chartered1950
Primary Regulator
Assets and Liabilities
Assets$25.86 million
Loans$8.80 million
Deposits$21.82 million
Equity Capital$3.90 million
Loan Loss Allowance$5,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$0
Historic Data - March 2013
Assets$25.02 million
Equity Capital$3.93 million
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.43%
Return on Equity-2.87%
Interest Income$135,000
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CWV Tel Credit Union Savings Account Rates

0.15%--Share Savings Account
0.15%--Club Savings Account

CWV Tel Credit Union Locations
Branch Office131 W Pike StClarksburg, WV 26301