Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
304-723-5605
384 Penco Rd
Weirton, WV 26062

Hancock School Emp. Credit Union is headquartered in Weirton and is the 40th largest credit union in the state of West Virginia. It is also the 3,878th largest credit union in the nation. It was established in 1972 and as of December of 2013, it had grown to 4 employees and 1,516 members. Hancock School Emp. Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the Hancock County School District or Brooke County School District. - See Details

No reviews have been left for this bank yet. Be the first to review.



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. Hancock School Emp. 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 Hancock School Emp. Credit Union had $6,000 in non-current loans and owned real-estate with $2.19 million in equity and loan loss allowances on hand to cover it. This gives Hancock School Emp. Credit Union a Texas Ratio of 0.27% 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 Hancock School Emp. Credit Union decreased dramatically from 0.59% as of December 31, 2012 to 0.27% as of December 31, 2013, resulting in a positive change of 53.68%.This indicates that the balance sheet and financial strength for Hancock School Emp. Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Hancock School Emp. Credit Union has increased its total deposits by $747,000, resulting in 5.98% 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 Hancock School Emp. 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. Hancock School Emp. Credit Union has $15.42 million in assets with $2.19 million in equity, resulting in a capitalization level of 14.19%, which is excellent.

Institution Statistics

Overall
NCUA #21115
Year Chartered1972
Employees4
Primary Regulator
Assets and Liabilities
Assets$15.42 million
Loans$2.18 million
Deposits$13.25 million
Equity Capital$2.17 million
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - December 2012
Assets$14.68 million
Equity Capital$2.18 million
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.81%
Return on Assets-0.04%
Return on Equity-0.28%
Interest Income$289,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Hancock School Emp. Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Hancock School Emp. Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$40k-Savings Account

Hancock School Emp. Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%--36 Month Share Certificate
0.55%--30 Month Share Certificate
0.50%--24 Month Share Certificate
0.45%--18 Month Share Certificate
0.35%--12 Month Share Certificate
0.25%--6 Month Share Certificate
Locations


Hancock School Emp. Credit Union Locations
Branch Office384 Penco RdWeirton, WV 26062