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Overview / Commentary
810 Indiana Ave
Charleston, WV 25302

Ibew 466 Credit Union is headquartered in Charleston and is the 78th largest credit union in the state of West Virginia. It is also the 5,758th largest credit union in the nation. It was established in 1962 and as of December of 2013, it had grown to 1 employees and 652 members. Ibew 466 Credit Union has a F health rating.

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Data for Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Ibew 466 Credit Union had $249,000 in non-current loans and owned real-estate with $210,000 in equity and loan loss allowances on hand to cover it. This gives Ibew 466 Credit Union a Texas Ratio of 118.57% 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 70.64% as of December 31, 2012 to 118.57% as of December 31, 2013, resulting in a negative change of 67.86%. 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 $-190,000, resulting in -7.01% 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 below 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. Ibew 466 Credit Union has $2.71 million in assets with $210,000 in equity, resulting in a capitalization level of 7.74%, which is below average.

Institution Statistics

NCUA #14797
Year Chartered1962
Primary Regulator
Assets and Liabilities
Assets$2.71 million
Loans$1.81 million
Deposits$2.52 million
Equity Capital$210,000
Loan Loss Allowance$0
Unbacked Noncurrent Loans$249,000
Real Estate Owned$0
Historic Data - December 2012
Assets$2.90 million
Equity Capital$215,000
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$249,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin9.86%
Return on Assets-0.15%
Return on Equity-1.9%
Interest Income$184,000

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