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Local No. 317 I.A.F.F. Credit Union

Local No. 317 I.A.F.F. Credit Union
Overview / Commentary
P.O. Box 3736
Charleston, WV 25337

Local No. 317 I.A.F.F. Credit Union is headquartered in Charleston and is the 63rd largest credit union in the state of West Virginia. It is also the 4,949th largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 373 members. Local No. 317 I.A.F.F. Credit Union has a C+ health rating.

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Health

Data for Q4 2013

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. Local No. 317 I.A.F.F. Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Local No. 317 I.A.F.F. Credit Union had $6,000 in non-current loans and owned real-estate with $611,000 in equity and loan loss allowances on hand to cover it. This gives Local No. 317 I.A.F.F. Credit Union a Texas Ratio of 0.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Local No. 317 I.A.F.F. Credit Union decreased dramatically from 1.85% as of December 31, 2012 to 0.98% as of December 31, 2013, resulting in a positive change of 47.06%.This indicates that the balance sheet and financial strength for Local No. 317 I.A.F.F. Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Local No. 317 I.A.F.F. Credit Union has increased its total deposits by $142,000, resulting in 2.34% 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 Local No. 317 I.A.F.F. Credit Union has shown is above average.

Capitalization

GRADE:
C

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. Local No. 317 I.A.F.F. Credit Union has $6.82 million in assets with $611,000 in equity, resulting in a capitalization level of 8.96%, which is average.

Institution Statistics

Overall
NCUA #68113
Year Chartered1939
Employees0
Primary Regulator
Assets and Liabilities
Assets$6.82 million
Loans$3.06 million
Deposits$6.21 million
Equity Capital$539,000
Loan Loss Allowance$72,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.66 million
Equity Capital$521,000
Loan Loss Allowance$72,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.43%
Return on Assets0.25%
Return on Equity3.15%
Interest Income$277,000
Rates

Sorry, we do not have rate data for Local No. 317 I.A.F.F. Credit Union

Locations


Local No. 317 I.A.F.F. Credit Union Locations
Branch Office300 Morris StCharleston, WV 25301-1808