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Overview / Commentary
740-483-2279
52775 Boston Hill Road
Clarington, OH 43915

Ohio Valley Community Credit Union is headquartered in Clarington and is the 47th largest credit union in the state of Ohio. It is also the 1,251st largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 26 employees and 14,109 members. Ohio Valley Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, attends school or worships in Belmont, Monroe and Washington counties in Ohio. OVCCU also serves many different Select employer Groups (SEG's). - See Details

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Health

Data for Q4 2013

Institution Health

B+

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 Ohio Valley Community Credit Union had $970,000 in non-current loans and owned real-estate with $9.79 million in equity and loan loss allowances on hand to cover it. This gives Ohio Valley Community Credit Union a Texas Ratio of 9.90% 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 Ohio Valley Community Credit Union experienced no significant changes from 9.94% as of December 31, 2012 to 9.90% as of December 31, 2013, resulting in a positive change of 0.33%.This indicates that the balance sheet and financial strength for Ohio Valley Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Ohio Valley Community Credit Union has increased its total deposits by $5.82 million, resulting in 5.13% 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 Valley Community Credit Union has shown is excellent.

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. Ohio Valley Community Credit Union has $129.22 million in assets with $9.79 million in equity, resulting in a capitalization level of 7.58%, which is below average.

Institution Statistics

Overall
NCUA #60913
Year Chartered1960
Employees26
Primary Regulator
Assets and Liabilities
Assets$129.22 million
Loans$57.16 million
Deposits$119.36 million
Equity Capital$9.59 million
Loan Loss Allowance$209,000
Unbacked Noncurrent Loans$970,000
Real Estate Owned$0
Historic Data - December 2012
Assets$125.47 million
Equity Capital$10.11 million
Loan Loss Allowance$99,000
Unbacked Noncurrent Loans$970,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.43%
Return on Assets0.05%
Return on Equity0.62%
Interest Income$3.49 million
Rates
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Ohio Valley Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Savings
0.10%--Christmas Club

Ohio Valley Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.17%$100k-Money Market

Ohio Valley Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$1k-60 Month Share Certificate
0.75%$1k-48 Month Share Certificate
0.55%$1k-36 Month Share Certificate
0.45%$1k-24 Month Share Certificate
0.45%$1k-30 Month Share Certificate
0.35%$1k-18 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.30%$1k-13 Month Share Certificate
0.20%$1k-3 Month Share Certificate
0.20%$1k-6 Month Share Certificate

Ohio Valley Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$500-60 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$500-48 Month IRA Certificate (Traditional,Roth,CESA)
0.55%$500-36 Month IRA Certificate (Traditional,Roth,CESA)
0.45%$500-24 Month IRA Certificate (Traditional,Roth,CESA)
0.45%$500-30 Month IRA Certificate (Traditional,Roth,CESA)
0.35%$500-18 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$500-12 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$500-13 Month IRA Certificate (Traditional,Roth,CESA)
0.20%$500-6 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Ohio Valley Community Credit Union Locations
Branch Office450L Pike St Ste LMarietta, OH 45750
Branch Office112 Ferry StClarington, OH 43915
Branch Office107 Plaza Dr Ste TSaint Clairsville, OH 43950-8735
Branch Office52775 Boston Hill RdClarington, OH 43915
Branch Office700 Lewisville RdWoodsfield, OH 43793