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Overview / Commentary
100 Bluestone Rd
Mount Hope, WV 25880

Fayette Credit Union is headquartered in Mount Hope and is the 45th largest credit union in the state of West Virginia. It is also the 4,213st largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 2 employees and 1,040 members. Fayette Credit Union has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Fayette Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Fayette Credit Union had $51,000 in non-current loans and owned real-estate with $1.72 million in equity and loan loss allowances on hand to cover it. This gives Fayette Credit Union a Texas Ratio of 2.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Fayette Credit Union decreased dramatically from 7.06% as of December 31, 2012 to 2.96% as of December 31, 2013, resulting in a positive change of 58.02%.This indicates that the balance sheet and financial strength for Fayette Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Fayette Credit Union has decreased its total deposits by -$1.1 million, resulting in -9.55% 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 Fayette 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. Fayette Credit Union has $12.14 million in assets with $1.72 million in equity, resulting in a capitalization level of 14.18%, which is excellent.

Institution Statistics

Overall
NCUA #12310
Year Chartered1958
Employees2
Primary Regulator
Assets and Liabilities
Assets$12.14 million
Loans$2.18 million
Deposits$10.45 million
Equity Capital$1.69 million
Loan Loss Allowance$32,000
Unbacked Noncurrent Loans$51,000
Real Estate Owned$0
Historic Data - December 2012
Assets$13.24 million
Equity Capital$1.67 million
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$51,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.29%
Return on Assets0.14%
Return on Equity1.01%
Interest Income$197,000
Rates

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Locations


Fayette Credit Union Locations
Branch Office100 Bluestone RdMount Hope, WV 25880-1006
Branch Office100 Bluestone RdMount Hope, WV 25880