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888-599-9606
1133 Van Voorhis Rd
Morgantown, WV 26505

Morgantown A E S Credit Union is headquartered in Morgantown and is the 18st largest credit union in the state of West Virginia. It is also the 2,549th largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 13 employees and 5,351 members. Morgantown A E S Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a US Government employee who work in or have headquarters in Monongalia County, West Virgnia. Also open to employees of Glenmark Associates who work in Monongalia County, West Virginia, Mylan Pharmaceuticals or Davis-Lynch Glass Company. - 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. Morgantown A E S 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 Morgantown A E S Credit Union had $8,000 in non-current loans and owned real-estate with $3.91 million in equity and loan loss allowances on hand to cover it. This gives Morgantown A E S Credit Union a Texas Ratio of 0.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Morgantown A E S Credit Union decreased dramatically from 1.97% as of December 31, 2012 to 0.20% as of December 31, 2013, resulting in a positive change of 89.59%.This indicates that the balance sheet and financial strength for Morgantown A E S Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Morgantown A E S Credit Union has increased its total deposits by $1.62 million, resulting in 4.69% 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 Morgantown A E S Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Morgantown A E S Credit Union has $40.34 million in assets with $3.91 million in equity, resulting in a capitalization level of 9.69%, which is above average.

Institution Statistics

Overall
NCUA #10695
Year Chartered1955
Employees13
Primary Regulator
Assets and Liabilities
Assets$40.34 million
Loans$17.19 million
Deposits$36.24 million
Equity Capital$3.81 million
Loan Loss Allowance$97,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Historic Data - December 2012
Assets$38.63 million
Equity Capital$3.74 million
Loan Loss Allowance$177,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.6%
Return on Assets0.18%
Return on Equity1.86%
Interest Income$1.14 million
Rates
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Morgantown A E S Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Share Account
0.15%$100-Vacation Club Account
0.15%$100-Christmas Club Account

Morgantown A E S Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Account

Morgantown A E S Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-36 Month CD
0.50%$1k-24 Month CD
0.30%$1k-12 Month CD
0.15%$500-6 Month CD
Locations


Morgantown A E S Credit Union Locations
Branch Office3610 Collins Ferry RdMorgantown, WV 26505
Branch Office1133 Van Voorhis RdMorgantown, WV 26505
Branch Office1095 Willowdale RdMorgantown, WV 26505