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Overview / Commentary
1845 7Th Street
Parkersburg, WV 26101

Ibew 968 Credit Union is headquartered in PARKERSBURG and is the 70th largest credit union in the state of West Virginia. It is also the 5,296th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 2 employees and 382 members. Ibew 968 Credit Union has a B 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 968 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 968 Credit Union had $0 in non-current loans and owned real-estate with $717,000 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 $276,000, resulting in 7.12% 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 excellent.



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 $4.86 million in assets with $717,000 in equity, resulting in a capitalization level of 14.75%, which is excellent.

Institution Statistics

NCUA #14020
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$4.86 million
Loans$1.34 million
Deposits$4.15 million
Equity Capital$706,000
Loan Loss Allowance$11,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.58 million
Equity Capital$699,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets-0.08%
Return on Equity-0.57%
Interest Income$31,000

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