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Overview / Commentary
96 Riverview Ave
Logan, WV 25601

O. F. Toalston Credit Union is headquartered in Logan and is the 88th largest credit union in the state of West Virginia. It is also the 6,446th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 170 members. O. F. Toalston Credit Union has a C+ health rating.

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Health

Data for Q1 2014

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. O. F. Toalston Credit Union has a very 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 O. F. Toalston Credit Union had $1,000 in non-current loans and owned real-estate with $75,000 in equity and loan loss allowances on hand to cover it. This gives O. F. Toalston Credit Union a Texas Ratio of 1.33% 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 O. F. Toalston Credit Union experienced no significant changes from 1.41% as of March 31, 2013 to 1.33% as of March 31, 2014, resulting in a positive change of 5.33%.This indicates that the balance sheet and financial strength for O. F. Toalston Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, O. F. Toalston Credit Union has decreased its total deposits by $-9,000, resulting in -3.04% 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 O. F. Toalston Credit Union has shown is below average.

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. O. F. Toalston Credit Union has $381,000 in assets with $75,000 in equity, resulting in a capitalization level of 19.69%, which is excellent.

Institution Statistics

Overall
NCUA #6239
Year Chartered1949
Employees0
Primary Regulator
Assets and Liabilities
Assets$381,000
Loans$358,000
Deposits$287,000
Equity Capital$64,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$357,000
Equity Capital$60,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.17%
Return on Assets0%
Return on Equity0%
Interest Income$8,000
Rates

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Locations


O. F. Toalston Credit Union Locations
Branch Office96 Riverview AveLogan, WV 25601