Peoples Credit Union is headquartered in Nitro and is the 8th largest credit union in the state of West Virginia. It is also the 1,599th largest credit union in the nation. It was established in 1965 and as of December of 2013, it had grown to 27 employees and 10,591 members. Peoples Credit Union's savings rates are 25% higher than the national average, and it has a C+ health rating.
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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 Peoples Credit Union had $1.49 million in non-current loans and owned real-estate with $8.32 million in equity and loan loss allowances on hand to cover it. This gives Peoples Credit Union a Texas Ratio of 17.89% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Peoples Credit Union experienced no significant changes from 17.05% as of December 31, 2012 to 17.89% as of December 31, 2013, resulting in a negative change of 4.92%. This indicates that the balance sheet and financial strength for Peoples Credit Union has had no significant changes in recent periods.
In the past year, Peoples Credit Union has decreased its total deposits by -$6.73 million, resulting in -7.64% 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 $89.49 million in assets with $8.32 million in equity, resulting in a capitalization level of 9.29%, which is average.
|Assets and Liabilities|
|Equity Capital||$8.09 million|
|Loan Loss Allowance||$230,000|
|Unbacked Noncurrent Loans||$612,000|
|Real Estate Owned||$876,000|
|Historic Data - December 2012|
|Equity Capital||$7.86 million|
|Loan Loss Allowance||$232,000|
|Unbacked Noncurrent Loans||$612,000|
|Real Estate Owned||$730,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.17%|
|Return on Assets||0.23%|
|Return on Equity||2.58%|
|Interest Income||$3.41 million|
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|0.65%||-||-||Roth IRA Savings|
|0.85%||$1k||-||3 Year Members Preferred CD|
|0.75%||$1k||-||3 Year CD|
|0.60%||$1k||-||2 Year Members Preferred CD|
|0.50%||$1k||-||2 Year CD|
|0.50%||$1k||-||18 Month Members Preferred CD|
|0.40%||$1k||-||18 Month CD|
|0.40%||$1k||-||1 Year Members Preferred CD|
|0.30%||$1k||-||1 Year CD|
|0.30%||$1k||-||6 Month Members Preferred CD|
|0.20%||$1k||-||6 Month CD|
|0.85%||$1k||-||3 Year Members Preferred IRA (Traditional,Roth,CESA)|
|0.75%||$1k||-||3 Year IRA (Traditional,Roth,CESA)|
|0.60%||$1k||-||2 Year Members Preferred IRA (Traditional,Roth,CESA)|
|0.50%||$1k||-||18 Month Members Preferred IRA (Traditional,Roth,CESA)|
|0.50%||$1k||-||2 Year IRA (Traditional,Roth,CESA)|
|0.40%||$1k||-||1 Year Members Preferred IRA (Traditional,Roth,CESA)|
|0.40%||$1k||-||18 Month IRA (Traditional,Roth,CESA)|
|0.30%||$1k||-||1 Year IRA (Traditional,Roth,CESA)|
|Peoples Credit Union Locations|
|Branch Office||419 1st Ave S||Nitro, WV 25143-2313|
|Branch Office||2101 Jackson Ave||Point Pleasant, WV 25550-1936|
|Branch Office||900 Roosevelt Boulevard||Eleanor, WV 25070|