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Ohio County Public Schools Credit Union

Overview / Commentary
304-243-0499
280 Fulton St
Wheeling, WV 26003

Ohio County Public Schools Credit Union is headquartered in WHEELING and is the 65th largest credit union in the state of West Virginia. It is also the 5,108th largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 1 employees and 914 members. Ohio County Public Schools Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the Ohio County Board of Education, RESA VI or any organization associated with the Ohio County Board of Education. - 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. Ohio County Public Schools 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 Ohio County Public Schools Credit Union had $31,000 in non-current loans and owned real-estate with $913,000 in equity and loan loss allowances on hand to cover it. This gives Ohio County Public Schools Credit Union a Texas Ratio of 3.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Ohio County Public Schools Credit Union decreased dramatically from 4.88% as of March 31, 2013 to 3.40% as of March 31, 2014, resulting in a positive change of 30.39%.This indicates that the balance sheet and financial strength for Ohio County Public Schools Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Ohio County Public Schools Credit Union has increased its total deposits by $549,000, resulting in 12.35% 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 Ohio County Public Schools 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. Ohio County Public Schools Credit Union has $5.9 million in assets with $913,000 in equity, resulting in a capitalization level of 15.46%, which is excellent.

Institution Statistics

Overall
NCUA #19881
Year Chartered1970
Employees1
Primary Regulator
Assets and Liabilities
Assets$5.91 million
Loans$1.39 million
Deposits$5.00 million
Equity Capital$899,000
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$31,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.36 million
Equity Capital$896,000
Loan Loss Allowance$6,000
Unbacked Noncurrent Loans$31,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.47%
Return on Equity3.11%
Interest Income$36,000
Rates
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Ohio County Public Schools Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%$10k$10mRegular Shares Account
0.25%--Christmas Club Account
0.25%--Vacation Club Account
Locations


Ohio County Public Schools Credit Union Locations
Branch Office280 FULTON STWHEELING, WV 26003