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Overview / Commentary
445 W Main St
Clarksburg, WV 26301-2843

Hope Credit Union is headquartered in Clarksburg and is the 22nd largest credit union in the state of West Virginia. It is also the 2,769th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 3 employees and 2,603 members. Hope Credit Union has a B+ health rating.

Field of Membership Restrictions

Open to employees of Dominion Hope Inc., Dominion Transmission inc. and Dominion Resources inc. as well as their spouses and dependent children. - 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. Hope 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 Hope Credit Union had $39,000 in non-current loans and owned real-estate with $4.86 million in equity and loan loss allowances on hand to cover it. This gives Hope Credit Union a Texas Ratio of 0.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Hope Credit Union experienced no significant changes from 0.68% as of March 31, 2013 to 0.80% as of March 31, 2014, resulting in a negative change of 18.79%. This indicates that the balance sheet and financial strength for Hope Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Hope Credit Union has decreased its total deposits by $-255,000, resulting in -0.84% 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 Hope 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. Hope Credit Union has $35.07 million in assets with $4.86 million in equity, resulting in a capitalization level of 13.85%, which is excellent.

Institution Statistics

NCUA #220
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$35.07 million
Loans$10.81 million
Deposits$30.21 million
Equity Capital$4.84 million
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$39,000
Real Estate Owned$0
Historic Data - March 2013
Assets$35.22 million
Equity Capital$4.73 million
Loan Loss Allowance$8,000
Unbacked Noncurrent Loans$39,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.31%
Return on Assets0.47%
Return on Equity3.39%
Interest Income$189,000

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Hope Credit Union Locations
Branch Office445 W Main StClarksburg, WV 26301-2843