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Overview / Commentary
304-323-3732
P.O. Box 1294
Bluefield, WV 24701

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 4,552nd largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 6 employees and 1,803 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 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. Mercer County W Va Teachers Credit Union has a very low asset base.

Texas Ratio

GRADE:
C+

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 Mercer County W Va Teachers Credit Union had $189,000 in non-current loans and owned real-estate with $784,000 in equity and loan loss allowances on hand to cover it. This gives Mercer County W Va Teachers Credit Union a Texas Ratio of 24.11% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Mercer County W Va Teachers Credit Union increased slightly from 16.10% as of December 31, 2012 to 24.11% as of December 31, 2013, resulting in a negative change of 49.70%. This indicates that the balance sheet and financial strength for Mercer County W Va Teachers Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mercer County W Va Teachers Credit Union has increased its total deposits by $757,000, resulting in 9.86% 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 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. Mercer County W Va Teachers Credit Union has $9.18 million in assets with $784,000 in equity, resulting in a capitalization level of 8.54%, which is average.

Institution Statistics

Overall
NCUA #9413
Year Chartered1954
Employees6
Primary Regulator
Assets and Liabilities
Assets$9.18 million
Loans$7.33 million
Deposits$8.43 million
Equity Capital$745,000
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$0
Historic Data - December 2012
Assets$8.45 million
Equity Capital$768,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.54%
Return on Assets-0.23%
Return on Equity-2.82%
Interest Income$520,000
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