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Overview / Commentary
1845 7Th Street
Parkersburg, WV 26101

Ibew 968 Credit Union is headquartered in PARKERSBURG and is the 68th largest credit union in the state of West Virginia. It is also the 5,257th largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 2 employees and 383 members. Ibew 968 Credit Union has a B 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 968 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 968 Credit Union had $0 in non-current loans and owned real-estate with $719,000 in equity and loan loss allowances on hand to cover it. This gives Ibew 968 Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Ibew 968 Credit Union has increased its total deposits by $48,000, resulting in 1.12% 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 968 Credit Union has shown is above 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 968 Credit Union has $5.04 million in assets with $719,000 in equity, resulting in a capitalization level of 14.27%, which is excellent.

Institution Statistics

NCUA #14020
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$5.04 million
Loans$1.42 million
Deposits$4.33 million
Equity Capital$708,000
Loan Loss Allowance$11,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.98 million
Equity Capital$703,000
Loan Loss Allowance$11,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.82%
Return on Assets0.1%
Return on Equity0.71%
Interest Income$131,000

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Ibew 968 Credit Union Locations
Branch Office1845 7TH STPARKERSBURG, WV 26101-4250