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Overview / Commentary
P.O. Box 168
Proctor, WV 26055

Natrium Employees Credit Union is headquartered in Proctor and is the 60th largest credit union in the state of West Virginia. It is also the 4,758th largest credit union in the nation. It was established in 1984 and as of December of 2013, it had grown to 3 employees and 891 members. Natrium 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. Natrium Employees Credit Union has a very 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 Natrium Employees Credit Union had $45,000 in non-current loans and owned real-estate with $659,000 in equity and loan loss allowances on hand to cover it. This gives Natrium Employees Credit Union a Texas Ratio of 6.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Natrium Employees Credit Union decreased slightly from 8.39% as of December 31, 2012 to 6.83% as of December 31, 2013, resulting in a positive change of 18.56%.This indicates that the balance sheet and financial strength for Natrium Employees Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Natrium Employees Credit Union has decreased its total deposits by $-227,000, resulting in -2.98% 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 Natrium Employees Credit Union has shown is below 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. Natrium Employees Credit Union has $8.01 million in assets with $659,000 in equity, resulting in a capitalization level of 8.23%, which is average.

Institution Statistics

Overall
NCUA #24090
Year Chartered1984
Employees3
Primary Regulator
Assets and Liabilities
Assets$8.01 million
Loans$2.48 million
Deposits$7.38 million
Equity Capital$626,000
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$45,000
Real Estate Owned$0
Historic Data - December 2012
Assets$8.22 million
Equity Capital$610,000
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$45,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.88%
Return on Assets0.17%
Return on Equity2.24%
Interest Income$166,000
Rates

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Locations


Natrium Employees Credit Union Locations
Branch OfficeN STATE ROUTE 2Proctor, WV 26055