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Mercer County W Va Teachers Credit Union

Overview / Commentary
304-323-3732
258 Blue Prince Rd Ste 102
Bluefield, WV 24701-9672

Mercer County W Va Teachers Credit Union is headquartered in Bluefield and is the 55th largest credit union in the state of West Virginia. It is also the 4,553rd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 6 employees and 1,817 members. Mercer County W Va Teachers Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of the Mercer County Board of Education, Bluefield State College, Bluefield College or Ceres Elementary School K-5th. - See Details

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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. Mercer County W Va Teachers Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 Mercer County W Va Teachers Credit Union had $93,000 in non-current loans and owned real-estate with $777,000 in equity and loan loss allowances on hand to cover it. This gives Mercer County W Va Teachers Credit Union a Texas Ratio of 11.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Mercer County W Va Teachers Credit Union decreased dramatically from 24.23% as of March 31, 2013 to 11.97% as of March 31, 2014, resulting in a positive change of 50.60%.This indicates that the balance sheet and financial strength for Mercer County W Va Teachers Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Mercer County W Va Teachers Credit Union has increased its total deposits by $108,000, resulting in 1.27% 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 Mercer County W Va Teachers 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. Mercer County W Va Teachers Credit Union has $9.4 million in assets with $777,000 in equity, resulting in a capitalization level of 8.27%, which is average.

Institution Statistics

Overall
NCUA #9413
Year Chartered1954
Employees6
Primary Regulator
Assets and Liabilities
Assets$9.40 million
Loans$7.17 million
Deposits$8.64 million
Equity Capital$749,000
Loan Loss Allowance$28,000
Unbacked Noncurrent Loans$93,000
Real Estate Owned$0
Historic Data - March 2013
Assets$9.32 million
Equity Capital$776,000
Loan Loss Allowance$0
Unbacked Noncurrent Loans$93,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.13%
Return on Equity1.6%
Interest Income$133,000
Rates
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Mercer County W Va Teachers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%-$250kShare Savings Account
0.15%--Deferred Summer Pay Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account
Locations


Mercer County W Va Teachers Credit Union Locations
Branch Office258 Blue Prince Rd Ste 102Bluefield, WV 24701-9672