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Overview / Commentary
36 GM Access Rd
Martinsburg, WV 25403

Eastern Panhandle Credit Union is headquartered in Martinsburg and is the 43rd largest credit union in the state of West Virginia. It is also the 4,012st largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 5 employees and 3,764 members. Eastern Panhandle Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Berkeley, Jefferson or Morgan 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. Eastern Panhandle 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 Eastern Panhandle Credit Union had $123,000 in non-current loans and owned real-estate with $1 million in equity and loan loss allowances on hand to cover it. This gives Eastern Panhandle Credit Union a Texas Ratio of 12.26% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Eastern Panhandle Credit Union decreased dramatically from 27.95% as of March 31, 2013 to 12.26% as of March 31, 2014, resulting in a positive change of 56.13%.This indicates that the balance sheet and financial strength for Eastern Panhandle Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Eastern Panhandle Credit Union has decreased its total deposits by $-243,000, resulting in -1.79% 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 Eastern Panhandle Credit Union has shown is average.



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. Eastern Panhandle Credit Union has $14.2 million in assets with $1 million in equity, resulting in a capitalization level of 7.06%, which is below average.

Institution Statistics

NCUA #19890
Year Chartered1970
Primary Regulator
Assets and Liabilities
Assets$14.20 million
Loans$8.08 million
Deposits$13.34 million
Equity Capital$922,000
Loan Loss Allowance$81,000
Unbacked Noncurrent Loans$123,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.73 million
Equity Capital$979,000
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$123,000
Real Estate Owned$170,000
Profit Margin - Quarterly
Net Interest Margin1.42%
Return on Assets-0.31%
Return on Equity-4.77%
Interest Income$122,000
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Eastern Panhandle Credit Union Savings Account Rates

0.10%--Youth Share
0.05%$2,500-Regular Share
0.03%--Vacation Club
0.03%--Christmas Club

Eastern Panhandle Credit Union Locations
Branch Office36 GM Access RdMartinsburg, WV 25403
Branch Office109 Ridge Rd N c/o Hedgesville High SchoolHedgesville, WV 25427-4947