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Overview / Commentary
304-263-3454
2971 Charles Town Rd
Kearneysville, WV 25430

Martinsburg V.A. Center Credit Union is headquartered in Kearneysville and is the 45th largest credit union in the state of West Virginia. It is also the 4,184th largest credit union in the nation. It was established in 1976 and as of March of 2014, it had grown to 4 employees and 1,943 members. Martinsburg V.A. Center Credit Union has a B health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

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. Martinsburg V.A. Center Credit Union has a 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 Martinsburg V.A. Center Credit Union had $122,000 in non-current loans and owned real-estate with $1.41 million in equity and loan loss allowances on hand to cover it. This gives Martinsburg V.A. Center Credit Union a Texas Ratio of 8.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Martinsburg V.A. Center Credit Union decreased slightly from 10.75% as of March 31, 2013 to 8.67% as of March 31, 2014, resulting in a positive change of 19.36%.This indicates that the balance sheet and financial strength for Martinsburg V.A. Center Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Martinsburg V.A. Center Credit Union has increased its total deposits by $181,000, resulting in 1.62% 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 Martinsburg V.A. Center Credit Union has shown is above 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. Martinsburg V.A. Center Credit Union has $12.68 million in assets with $1.41 million in equity, resulting in a capitalization level of 11.10%, which is excellent.

Institution Statistics

Overall
NCUA #22337
Year Chartered1976
Employees4
Primary Regulator
Assets and Liabilities
Assets$12.68 million
Loans$3.66 million
Deposits$11.33 million
Equity Capital$1.34 million
Loan Loss Allowance$72,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$114,000
Historic Data - March 2013
Assets$12.65 million
Equity Capital$1.45 million
Loan Loss Allowance$37,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$140,000
Profit Margin - Quarterly
Net Interest Margin1.52%
Return on Assets0.28%
Return on Equity2.7%
Interest Income$79,000
Rates
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Martinsburg V.A. Center Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Regular Share Account
0.05%--Christmas Clubs
0.05%--Vacation Clubs

Martinsburg V.A. Center Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.15%--12 Month Certificate
0.05%--6 Month Certificate
Locations


Martinsburg V.A. Center Credit Union Locations
Branch Office2971 Charles Town RdKearneysville, WV 25430