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Overview / Commentary
200 Big Sandy River Rd
Kenova, WV 25530

Novamont Emp. Credit Union is headquartered in Kenova and is the 86th largest credit union in the state of West Virginia. It is also the 6,304th largest credit union in the nation. It was established in 1977 and as of December of 2013, it had grown to 139 members. Novamont Emp. Credit Union has a B health rating.

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Novamont Emp. Credit Union has a very low asset base.

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, 2013 Novamont Emp. Credit Union had $4,000 in non-current loans and owned real-estate with $181,000 in equity and loan loss allowances on hand to cover it. This gives Novamont Emp. Credit Union a Texas Ratio of 2.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Novamont Emp. Credit Union has increased its total deposits by $29,000, resulting in 4.36% 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 Novamont Emp. Credit Union has shown is excellent.



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. Novamont Emp. Credit Union has $866,000 in assets with $181,000 in equity, resulting in a capitalization level of 20.90%, which is excellent.

Institution Statistics

NCUA #22697
Year Chartered1977
Primary Regulator
Assets and Liabilities
Equity Capital$172,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Historic Data - December 2012
Equity Capital$175,000
Loan Loss Allowance$7,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.98%
Return on Assets-0.35%
Return on Equity-1.74%
Interest Income$15,000

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Novamont Emp. Credit Union Locations
Branch Office200 Big Sandy River RdKenova, WV 25530-1891