Mercer County W Va Teachers Credit Union

Mercer County W Va Teachers Credit Union is headquartered in Bluefield and is the 64^th largest credit union in the state of West Virginia. It is also the 5,204^th largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 4 employees and 1,619 members. Mercer County W Va Teachers Credit Union's CD rates are 40% higher than the national average, and it boasts a 5-star health rating.

Mercer County W Va Teachers Credit Union Savings Account Rates

Mercer County W Va Teachers Credit Union CD Rates

Data for Q4 2011

Institution Statistics MERCER COUNTY W VA TEACHERS NCUA # 9413 BankRate Report View Year Chartered 1954 Employees 4 Primary Regulator Assets and Liabilities Assets $6.59 million Loans $5.99 million Deposits $5.95 million Equity Capital $642,000 Loan Loss Allowance $21,000 Unbacked Noncurrent Loans $21,000 Historic Data - December 2010 Assets $5.91 million Equity Capital $503,000 Loan Loss Allowance $22,000 Unbacked Noncurrent Loans $15,000 Profit Margin - Quarterly Net Interest Margin 7.07% Return on Assets 2.11% Return on Equity 21.65% Interest Income $458,000 Non-Interest Income $79,000

Institution Health Overall Score: 5 out of 5 Texas Ratio 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, 2011 Mercer County W Va Teachers Credit Union had $21,000 in non-current loans and owned real-estate with $663,000 in equity and loan loss allowances on hand to cover it. This gives Mercer County W Va Teachers Credit Union a Texas Ratio of 3.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Mercer County W Va Teachers Credit Union held steady from 2.86% as of December 31, 2010 to 3.17% as of December 31, 2011, resulting in a negative change of 10.86%. This indicates that the balance sheet and financial strength for Mercer County W Va Teachers Credit Union has held steady in recent periods. Deposit Growth In the past year, Mercer County W Va Teachers Credit Union has increased its total deposits by $548,000, resulting in 10.15% 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 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 $6.59 million in assets with $663,000 in equity, resulting in a capitalization level of 10.05%, which is above average.

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