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Overview / Commentary
110 Wilkinson Dr
Wheeling, WV 26003

Ibew 141 Credit Union is headquartered in Wheeling and is the 79th largest credit union in the state of West Virginia. It is also the 5,922nd largest credit union in the nation. It was established in 1961 and as of December of 2013, it had grown to 1 employees and 623 members. Ibew 141 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. Ibew 141 Credit Union has a very 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 Ibew 141 Credit Union had $15,000 in non-current loans and owned real-estate with $267,000 in equity and loan loss allowances on hand to cover it. This gives Ibew 141 Credit Union a Texas Ratio of 5.62% 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 Ibew 141 Credit Union decreased dramatically from 19.11% as of December 31, 2012 to 5.62% as of December 31, 2013, resulting in a positive change of 70.61%.This indicates that the balance sheet and financial strength for Ibew 141 Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Ibew 141 Credit Union has increased its total deposits by $193,000, resulting in 11.63% 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 Ibew 141 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. Ibew 141 Credit Union has $2.09 million in assets with $267,000 in equity, resulting in a capitalization level of 12.75%, which is excellent.

Institution Statistics

Overall
NCUA #14712
Year Chartered1961
Employees1
Primary Regulator
Assets and Liabilities
Assets$2.09 million
Loans$636,000
Deposits$1.85 million
Equity Capital$237,000
Loan Loss Allowance$30,000
Unbacked Noncurrent Loans$15,000
Real Estate Owned$0
Historic Data - December 2012
Assets$1.93 million
Equity Capital$254,000
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$15,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.54%
Return on Assets-0.72%
Return on Equity-6.33%
Interest Income$53,000
Rates

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Locations


Ibew 141 Credit Union Locations
Branch Office110 Wilkinson DrWheeling, WV 26003
Branch Office110 Wilkinson DrWheeling, WV 26003