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Overview / Commentary
2400 Charles St
Wellsburg, WV 26070

Eagle Can Employees Credit Union is headquartered in Wheeling and is the 87th largest credit union in the state of West Virginia. It is also the 6,334th largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 158 members. Eagle Can Employees 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. Eagle Can Employees Credit Union has a very 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 Eagle Can Employees Credit Union had $13,000 in non-current loans and owned real-estate with $129,000 in equity and loan loss allowances on hand to cover it. This gives Eagle Can Employees Credit Union a Texas Ratio of 10.08% 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 Eagle Can Employees Credit Union increased slightly from 3.70% as of March 31, 2013 to 10.08% as of March 31, 2014, resulting in a negative change of 172.09%. This indicates that the balance sheet and financial strength for Eagle Can Employees Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Eagle Can Employees Credit Union has decreased its total deposits by $-30,000, resulting in -5.3% 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 Eagle Can Employees Credit Union has shown is below 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. Eagle Can Employees Credit Union has $655,000 in assets with $129,000 in equity, resulting in a capitalization level of 19.69%, which is excellent.

Institution Statistics

Overall
NCUA #17126
Year Chartered1965
Employees0
Primary Regulator
Assets and Liabilities
Assets$655,000
Loans$138,000
Deposits$536,000
Equity Capital$118,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$13,000
Real Estate Owned$0
Historic Data - March 2013
Assets$700,000
Equity Capital$133,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$13,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.71%
Return on Assets0%
Return on Equity0%
Interest Income$5,000
Rates

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Locations


Eagle Can Employees Credit Union Locations
Branch Office12 Aaronwoods CtWheeling, WV 26003