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419 1st Ave S
Nitro, WV 25143

Peoples Credit Union is headquartered in Nitro and is the 8th largest credit union in the state of West Virginia. It is also the 1,601st largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 27 employees and 10,607 members. Peoples Credit Union's savings rates are 25% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in Kanawha, Putnam or Mason County. - See Details

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Data for Q1 2014

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. Peoples Credit Union has a relatively low asset base.

Texas Ratio


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 Peoples Credit Union had $1.46 million in non-current loans and owned real-estate with $8.33 million in equity and loan loss allowances on hand to cover it. This gives Peoples Credit Union a Texas Ratio of 17.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Peoples Credit Union experienced no significant changes from 16.21% as of March 31, 2013 to 17.54% as of March 31, 2014, resulting in a negative change of 8.24%. This indicates that the balance sheet and financial strength for Peoples Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Peoples Credit Union has decreased its total deposits by -$6.36 million, resulting in -7.06% 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 below average.



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 $91.91 million in assets with $8.33 million in equity, resulting in a capitalization level of 9.06%, which is average.

Institution Statistics

NCUA #16993
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$91.91 million
Loans$66.29 million
Deposits$83.66 million
Equity Capital$8.09 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$509,000
Real Estate Owned$952,000
Historic Data - March 2013
Assets$98.20 million
Equity Capital$7.97 million
Loan Loss Allowance$207,000
Unbacked Noncurrent Loans$509,000
Real Estate Owned$793,000
Profit Margin - Quarterly
Return on Assets0.07%
Return on Equity0.84%
Interest Income$812,000
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Peoples Credit Union Savings Account Rates

0.65%--IRA Savings
0.65%--CESA Savings
0.65%--Roth IRA Savings
0.50%--Christmas Club
0.50%--Vacation Club
0.30%$25k-Money Club
0.15%--Regular Shares

Peoples Credit Union CD Rates

0.90%$1k-3 Year Members Preferred CD
0.80%$1k-3 Year CD
0.70%$1k-2 Year Members Preferred CD
0.60%$1k-2 Year CD
0.50%$1k-18 Month Members Preferred CD
0.45%$1k-1 Year Members Preferred CD
0.40%$1k-18 Month CD
0.35%$1k-1 Year CD
0.35%$1k-6 Month Members Preferred CD
0.25%$1k-6 Month CD

Peoples Credit Union IRA Rates

0.90%$1k-3 Year Members Preferred IRA
0.80%$1k-3 Year IRA
0.70%$1k-2 Year Members Preferred IRA
0.60%$1k-2 Year IRA
0.50%$1k-18 Month Members Preferred IRA
0.45%$1k-1 Year Members Preferred IRA
0.40%$1k-18 Month IRA
0.35%$1k-1 Year IRA

Peoples Credit Union Locations
Branch Office419 1st Ave SNitro, WV 25143-2313
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