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Overview / Commentary
304-424-7256
1822 7th St
Parkersburg, WV 26101

Mountain Heritage Credit Union is headquartered in Parkersburg and is the 26th largest credit union in the state of West Virginia. It is also the 2,938th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 11 employees and 5,285 members. Mountain Heritage Credit Union's savings rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of the Parkersburg District of the Internal Revenue Service or other select companies and organizations. Also open to those who live, work, worship or attend school in the underserved area of Wood County, West Virginia. - See Details

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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. Mountain Heritage 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 Mountain Heritage Credit Union had $198,000 in non-current loans and owned real-estate with $2.71 million in equity and loan loss allowances on hand to cover it. This gives Mountain Heritage Credit Union a Texas Ratio of 7.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Mountain Heritage Credit Union experienced no significant changes from 7.08% as of March 31, 2013 to 7.30% as of March 31, 2014, resulting in a negative change of 3.04%. This indicates that the balance sheet and financial strength for Mountain Heritage Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Mountain Heritage Credit Union has increased its total deposits by $339,000, resulting in 1.22% 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 Mountain Heritage 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. Mountain Heritage Credit Union has $30.81 million in assets with $2.71 million in equity, resulting in a capitalization level of 8.80%, which is average.

Institution Statistics

Overall
NCUA #12470
Year Chartered1958
Employees11
Primary Regulator
Assets and Liabilities
Assets$30.81 million
Loans$16.92 million
Deposits$28.09 million
Equity Capital$2.53 million
Loan Loss Allowance$188,000
Unbacked Noncurrent Loans$198,000
Real Estate Owned$0
Historic Data - March 2013
Assets$30.29 million
Equity Capital$2.30 million
Loan Loss Allowance$209,000
Unbacked Noncurrent Loans$198,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.45%
Return on Assets0.74%
Return on Equity9.03%
Interest Income$286,000
Rates
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Mountain Heritage Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Savings Account
0.35%--Christmas Club Account
0.35%--Vacation Club Account
0.05%--Share Account

Mountain Heritage Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-Money Market Account

Mountain Heritage Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.06%$500-60 Month CD
1.00%$500-48 Month CD
0.90%$500-36 Month CD
0.75%$500-24 Month CD
0.45%$500-12 Month CD
0.40%$500-6 Month CD

Mountain Heritage Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.06%$500-60 Month IRA CD
1.00%$500-48 Month IRA CD
0.90%$500-36 Month IRA CD
0.75%$500-24 Month IRA CD
0.45%$500-12 Month IRA CD
0.40%$500-6 Month IRA CD
Locations


Mountain Heritage Credit Union Locations
Branch Office1822 7th StParkersburg, WV 26101
Branch Office425 Juliana StParkersburg, WV 26101
Branch Office110 N Heber StBeckley, WV 25801
Branch Office250 Murall DrKearneysville, WV 25430