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304-652-8363
10767 Energy Hwy
Friendly, WV 26146

Long Reach Credit Union is headquartered in Bens Run and is the 20th largest credit union in the state of West Virginia. It is also the 2,571st largest credit union in the nation. It was established in 1975 and as of December of 2013, it had grown to 14 employees and 4,020 members. Long Reach Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of one of the several Select Employee Groups (SEGs). Also open to those who live, work, worship or attend school in Pleasants or Tyler County. - See Details

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Long Reach Credit Union has a 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 Long Reach Credit Union had $94,000 in non-current loans and owned real-estate with $3.52 million in equity and loan loss allowances on hand to cover it. This gives Long Reach Credit Union a Texas Ratio of 2.67% 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 Long Reach Credit Union experienced no significant changes from 0.73% as of December 31, 2012 to 2.67% as of December 31, 2013, resulting in a negative change of 264.29%. This indicates that the balance sheet and financial strength for Long Reach Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Long Reach Credit Union has increased its total deposits by $1.44 million, resulting in 4.11% 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 Long Reach Credit Union has shown is excellent.

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. Long Reach Credit Union has $39.78 million in assets with $3.52 million in equity, resulting in a capitalization level of 8.84%, which is average.

Institution Statistics

Overall
NCUA #22241
Year Chartered1975
Employees14
Primary Regulator
Assets and Liabilities
Assets$39.78 million
Loans$22.93 million
Deposits$36.34 million
Equity Capital$3.38 million
Loan Loss Allowance$135,000
Unbacked Noncurrent Loans$94,000
Real Estate Owned$0
Historic Data - December 2012
Assets$38.01 million
Equity Capital$3.05 million
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$94,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.05%
Return on Assets0.83%
Return on Equity9.76%
Interest Income$1.43 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Long Reach Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Long Reach Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Account
0.10%--Christmas Cllub account
0.10%--Vacation Club Account
0.05%--Regular Share Saving Account

Long Reach Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Money Market Account

Long Reach Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$500-Share Draft (Checking) Account

Long Reach Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-60 Month CD
1.01%$500-48 Month CD
0.80%$500-36 Month CD
0.60%$500-24 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD

Long Reach Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-60 Month IRA
1.01%$500-48 Month IRA
0.80%$500-36 Month IRA
0.60%$500-12 Month IRA
Locations


Long Reach Credit Union Locations
Branch Office902 2nd StSaint Marys, WV 26170-1152
Branch Office27 Pleasant View LnMiddlebourne, WV 26149-7400
Branch Office10767 Energy HwyBens Run, WV 26146-7512