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Logan County School Employees Credit Union

Logan County School Employees Credit Union
Overview / Commentary
Po 601
Logan, WV 25601

Logan County School Employees Credit Union is headquartered in Stollings and is the 81st largest credit union in the state of West Virginia. It is also the 6,085th largest credit union in the nation. It was established in 1985 and as of March of 2014, it had grown to 480 members. Logan County School Employees Credit Union has a C+ health rating.

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Health

Data for Q1 2014

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. Logan County School Employees Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Logan County School Employees Credit Union had $13,000 in non-current loans and owned real-estate with $221,000 in equity and loan loss allowances on hand to cover it. This gives Logan County School Employees Credit Union a Texas Ratio of 5.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Logan County School Employees Credit Union experienced no significant changes from 4.98% as of March 31, 2013 to 5.88% as of March 31, 2014, resulting in a negative change of 18.18%. This indicates that the balance sheet and financial strength for Logan County School Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Logan County School Employees Credit Union has decreased its total deposits by $-30,000, resulting in -2.47% 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 Logan County School Employees Credit Union has shown is average.

Capitalization

GRADE:
A+

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. Logan County School Employees Credit Union has $1.4 million in assets with $221,000 in equity, resulting in a capitalization level of 15.83%, which is excellent.

Institution Statistics

Overall
NCUA #24200
Year Chartered1985
Employees0
Primary Regulator
Assets and Liabilities
Assets$1.40 million
Loans$232,000
Deposits$1.18 million
Equity Capital$210,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$13,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.42 million
Equity Capital$210,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$13,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.02%
Return on Assets0%
Return on Equity0%
Interest Income$13,000
Rates

Sorry, we do not have rate data for Logan County School Employees Credit Union

Locations


Logan County School Employees Credit Union Locations
Branch Office144 Vocational RdStollings, WV 25646