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National Employees Credit Union

National Employees Credit Union
Overview / Commentary
P.O. Box 1755
Bluefield, WV 24701

National Employees Credit Union is headquartered in Bluefield and is the 52nd largest credit union in the state of West Virginia. It is also the 4,478th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 5 employees and 3,143 members. National Employees Credit Union has a C+ health rating.

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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. National Employees 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 National Employees Credit Union had $312,000 in non-current loans and owned real-estate with $1.26 million in equity and loan loss allowances on hand to cover it. This gives National Employees Credit Union a Texas Ratio of 24.70% 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 National Employees Credit Union increased slightly from 19.23% as of December 31, 2012 to 24.70% as of December 31, 2013, resulting in a negative change of 28.48%. This indicates that the balance sheet and financial strength for National Employees Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, National Employees Credit Union has increased its total deposits by $674,000, resulting in 8.43% 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 National Employees Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. National Employees Credit Union has $9.83 million in assets with $1.26 million in equity, resulting in a capitalization level of 12.84%, which is excellent.

Institution Statistics

Overall
NCUA #5713
Year Chartered1948
Employees5
Primary Regulator
Assets and Liabilities
Assets$9.83 million
Loans$7.46 million
Deposits$8.67 million
Equity Capital$1.13 million
Loan Loss Allowance$137,000
Unbacked Noncurrent Loans$312,000
Real Estate Owned$0
Historic Data - December 2012
Assets$9.25 million
Equity Capital$1.20 million
Loan Loss Allowance$93,000
Unbacked Noncurrent Loans$312,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.82%
Return on Assets-0.77%
Return on Equity-6.75%
Interest Income$724,000
Rates

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Locations


National Employees Credit Union Locations
Branch Office314O EAST CUMBERLAND RDBLUEFIELD, WV 24701-4972