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Eagle Can Employees Credit Union

Eagle Can Employees Credit Union
Overview / Commentary
2400 Charles St
Wellsburg, WV 26070

Eagle Can Employees Credit Union is headquartered in Wellsburg and is the 88th largest credit union in the state of West Virginia. It is also the 6,368th largest credit union in the nation. It was established in 1965 and as of December of 2013, it had grown to 157 members. Eagle Can Employees 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. Eagle Can Employees 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 Eagle Can Employees Credit Union had $20,000 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 15.50% 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 Eagle Can Employees Credit Union increased slightly from 3.76% as of December 31, 2012 to 15.50% as of December 31, 2013, resulting in a negative change of 312.40%. This indicates that the balance sheet and financial strength for Eagle Can Employees Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Eagle Can Employees Credit Union has increased its total deposits by $29,000, resulting in 5.47% 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 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. Eagle Can Employees Credit Union has $678,000 in assets with $129,000 in equity, resulting in a capitalization level of 19.03%, which is excellent.

Institution Statistics

Overall
NCUA #17126
Year Chartered1965
Employees0
Primary Regulator
Assets and Liabilities
Assets$678,000
Loans$142,000
Deposits$559,000
Equity Capital$118,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Historic Data - December 2012
Assets$662,000
Equity Capital$131,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin12.84%
Return on Assets-1.77%
Return on Equity-10.17%
Interest Income$24,000
Rates

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Locations


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