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Overview / Commentary
304-528-2400
481 8th Ave West
Huntington, WV 25701

Huntingtonized Credit Union is headquartered in Huntington and is the 30th largest credit union in the state of West Virginia. It is also the 3,249th largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 15 employees and 4,313 members. Huntingtonized Credit Union has a C+ health rating.

Field of Membership Restrictions

Persons who live work, worship, or attend school in, and business and other legal entities located in Cabell and Wayne Counties in West Virginia, Boyd County in Kentucky, and Lawrence County, OH. - See Details

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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. Huntingtonized Credit Union has a 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 Huntingtonized Credit Union had $483,000 in non-current loans and owned real-estate with $3.92 million in equity and loan loss allowances on hand to cover it. This gives Huntingtonized Credit Union a Texas Ratio of 12.31% 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 Huntingtonized Credit Union experienced no significant changes from 12.32% as of December 31, 2012 to 12.31% as of December 31, 2013, resulting in a positive change of 0.12%.This indicates that the balance sheet and financial strength for Huntingtonized Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Huntingtonized Credit Union has decreased its total deposits by $-856,000, resulting in -4.05% 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 Huntingtonized 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. Huntingtonized Credit Union has $24.06 million in assets with $3.92 million in equity, resulting in a capitalization level of 16.31%, which is excellent.

Institution Statistics

Overall
NCUA #3438
Year Chartered1939
Employees15
Primary Regulator
Assets and Liabilities
Assets$24.06 million
Loans$17.33 million
Deposits$20.27 million
Equity Capital$3.67 million
Loan Loss Allowance$259,000
Unbacked Noncurrent Loans$443,000
Real Estate Owned$40,000
Historic Data - December 2012
Assets$24.67 million
Equity Capital$3.43 million
Loan Loss Allowance$190,000
Unbacked Noncurrent Loans$443,000
Real Estate Owned$116,000
Profit Margin - Quarterly
Net Interest Margin8.09%
Return on Assets0.98%
Return on Equity6.44%
Interest Income$1.50 million
Rates
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Huntingtonized Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA
0.15%--Roth IRA
0.15%--Education IRA
0.10%$2,500-Shares Savings
0.10%$2,500-Christmas Club
0.10%$2,500-Vacation Club

Huntingtonized Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$5k-48 Month CD
0.65%$5k-36 Month CD
0.40%$5k-24 Month CD
0.25%$5k-12 Month CD
0.15%$5k-6 Month CD
Locations


Huntingtonized Credit Union Locations
Branch Office60 McGinnis DrWayne, WV 25570
Branch Office481 8th Ave WHuntington, WV 25701