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Overview / Commentary
304-522-4871
1848 Madison Ave Ste B
Huntington, WV 25704

IBEW 317 Credit Union is headquartered in Huntington and is the 32nd largest credit union in the state of West Virginia. It is also the 3,403rd largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 1,679 members. IBEW 317 Credit Union's savings rates are 3X the national average, and it has a C+ health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

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. IBEW 317 Credit Union has a low asset base.

Texas Ratio

GRADE:
C+

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 IBEW 317 Credit Union had $565,000 in non-current loans and owned real-estate with $2.16 million in equity and loan loss allowances on hand to cover it. This gives IBEW 317 Credit Union a Texas Ratio of 26.19% which is average. 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 317 Credit Union decreased dramatically from 60.79% as of March 31, 2013 to 26.19% as of March 31, 2014, resulting in a positive change of 56.91%.This indicates that the balance sheet and financial strength for IBEW 317 Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, IBEW 317 Credit Union has increased its total deposits by $703,000, resulting in 3.65% 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 317 Credit Union has shown is excellent.

Capitalization

GRADE:
B

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 317 Credit Union has $22.15 million in assets with $2.16 million in equity, resulting in a capitalization level of 9.74%, which is above average.

Institution Statistics

Overall
NCUA #14030
Year Chartered1960
Employees0
Primary Regulator
Assets and Liabilities
Assets$22.15 million
Loans$9.91 million
Deposits$19.98 million
Equity Capital$2.13 million
Loan Loss Allowance$32,000
Unbacked Noncurrent Loans$565,000
Real Estate Owned$0
Historic Data - March 2013
Assets$21.41 million
Equity Capital$2.08 million
Loan Loss Allowance$40,000
Unbacked Noncurrent Loans$565,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.08%
Return on Assets0.29%
Return on Equity3.01%
Interest Income$154,000
Rates
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IBEW 317 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.76%--IRA Account
0.76%--Share Account
Locations


IBEW 317 Credit Union Locations
Branch Office1848 Madison Ave Ste BHuntington, WV 25704