Peoples Credit Union

Peoples Credit Union Locations
419 First Avenue South
Nitro, WV 25143
www.peoplesfcu.org

NCUA

Peoples Credit Union is headquartered in Nitro and is the 8th largest credit union in the state of West Virginia. It is also the 1,508th largest credit union in the nation. It was established in 1965 and as of December of 2012, it had grown to 27 employees and 10,607 members. Peoples Credit Union has a 3-star health rating.

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4.30% 12-Month CD at Peoples Credit Union In South Florida - 12/15/2008

Update 12/19/08: The CD rate has fallen. Please check the credit union's website for the latest rates.Peoples Credit Union is offering a special certificate with a yield as high as 4.30% APY for a 12-month term. Minimum deposit is $1,000. The base APY is...

4.50% 12-Month CD at Peoples Credit Union In South Florida - 11/4/2008

Peoples Credit Union is offering a special certificate with a yield as high as 4.50% APY for a 12-month term. Minimum deposit is $1,000. The base yield is 4.20% APY. Higher rates are available with the following checking account activities:0.10% added...

2.75% Reward Checking Account at a Rhode Island CU (People's) - 10/11/2007

Update 9/07/09: The top yield has fallen to 2.75% APY. Refer to the bottom of the post for the rate history.People's Credit Union has a reward checking account called e-plus Checking which pays 2.75% APY on balances up to $50K (0.50% above) and refunds...

5.50% 6-Month CD at a South Florida CU (Peoples) - 7/30/2007

Peoples Credit Union is offering a special 5.50% APY 6-month certificate of deposit. The minimum deposit is $10,000, and it requires new money.Membership is open to anyone who lives, works or owns property in Miami-Dade or Broward County. You can also be...


Data for Q4 2012


Institution Statistics


PEOPLES
NCUA #16993
BankRate ReportView
Year Chartered1965
Employees27
Primary Regulator

Assets and Liabilities

Assets$96.03 million
Loans$63.75 million
Deposits$88.06 million
Equity Capital$7.86 million
Loan Loss Allowance$232,000
Unbacked Noncurrent Loans$650,000
Real Estate Owned$730,000

Historic Data - December 2011

Assets$88.40 million
Equity Capital$7.60 million
Loan Loss Allowance$177,000
Unbacked Noncurrent Loans$516,000
Real Estate Owned$113,000

Profit Margin - Quarterly

Net Interest Margin4.54%
Return on Assets0.27%
Return on Equity3.35%
Interest Income$3.60 million
Non-Interest Income$1.11 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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, 2012 Peoples Credit Union had $1.38 million in non-current loans and owned real-estate with $8.09 million in equity and loan loss allowances on hand to cover it. This gives Peoples Credit Union a Texas Ratio of 17.05% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Peoples Credit Union increased slightly from 8.09% as of December 31, 2011 to 17.05% as of December 31, 2012, resulting in a negative change of 110.77%. This indicates that the balance sheet and financial strength for Peoples Credit Union has declined slightly in recent periods.
Deposit Growth5
In the past year, Peoples Credit Union has increased its total deposits by $7.41 million, resulting in 9.19% 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 Peoples Credit Union has shown is excellent.
Capitalization3
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. Peoples Credit Union has $96.03 million in assets with $8.09 million in equity, resulting in a capitalization level of 8.43%, which is average.
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