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Overview / Commentary
810 Indiana Ave
Charleston, WV 25302

Ibew 466 Credit Union is headquartered in Charleston and is the 77th largest credit union in the state of West Virginia. It is also the 5,788th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 1 employees and 612 members. Ibew 466 Credit Union has a F health rating.

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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. Ibew 466 Credit Union has a very 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 Ibew 466 Credit Union had $338,000 in non-current loans and owned real-estate with $215,000 in equity and loan loss allowances on hand to cover it. This gives Ibew 466 Credit Union a Texas Ratio of 157.21% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ibew 466 Credit Union increased slightly from 58.90% as of March 31, 2013 to 157.21% as of March 31, 2014, resulting in a negative change of 166.92%. This indicates that the balance sheet and financial strength for Ibew 466 Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Ibew 466 Credit Union has decreased its total deposits by $-394,000, resulting in -14.35% 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 466 Credit Union has shown is poor.



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 466 Credit Union has $2.53 million in assets with $215,000 in equity, resulting in a capitalization level of 8.48%, which is average.

Institution Statistics

NCUA #14797
Year Chartered1962
Primary Regulator
Assets and Liabilities
Assets$2.53 million
Loans$1.83 million
Deposits$2.35 million
Equity Capital$215,000
Loan Loss Allowance$0
Unbacked Noncurrent Loans$338,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.94 million
Equity Capital$211,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$338,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.79%
Return on Equity9.3%
Interest Income$42,000

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Ibew 466 Credit Union Locations
Branch Office810 Indiana AveCharleston, WV 25302-3314