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Overview / Commentary
800-339-4378
1320 Kanawha Blvd E
Charleston, WV 25301

Pioneer West Virginia Credit Union is headquartered in Charleston and is the 4th largest credit union in the state of West Virginia. It is also the 1,026th largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 57 employees and 16,901 members. Pioneer West Virginia Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or volunteer in Clay, Fayette, Greenbrier, Kanawha, Putnam or Roane County. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Pioneer West Virginia Credit Union had $649,000 in non-current loans and owned real-estate with $16.98 million in equity and loan loss allowances on hand to cover it. This gives Pioneer West Virginia Credit Union a Texas Ratio of 3.82% 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 Pioneer West Virginia Credit Union experienced no significant changes from 1.39% as of December 31, 2012 to 3.82% as of December 31, 2013, resulting in a negative change of 175.18%. This indicates that the balance sheet and financial strength for Pioneer West Virginia Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pioneer West Virginia Credit Union has increased its total deposits by $20.77 million, resulting in 15.81% 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 Pioneer West Virginia Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Pioneer West Virginia Credit Union has $171.9 million in assets with $16.98 million in equity, resulting in a capitalization level of 9.88%, which is above average.

Institution Statistics

Overall
NCUA #3576
Year Chartered1940
Employees57
Primary Regulator
Assets and Liabilities
Assets$171.90 million
Loans$135.21 million
Deposits$152.15 million
Equity Capital$16.45 million
Loan Loss Allowance$534,000
Unbacked Noncurrent Loans$613,000
Real Estate Owned$36,000
Historic Data - December 2012
Assets$148.55 million
Equity Capital$15.66 million
Loan Loss Allowance$473,000
Unbacked Noncurrent Loans$613,000
Real Estate Owned$90,000
Profit Margin - Quarterly
Net Interest Margin4.31%
Return on Assets0.44%
Return on Equity4.56%
Interest Income$6.49 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Pioneer West Virginia Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Pioneer West Virginia Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Share Account
0.35%--Roth IRA Share Account
0.25%--Christmas Club
0.25%--Vacation Club
0.25%--{Insert Name Here} Account
0.15%$50k-Share Savings Account

Pioneer West Virginia Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$500-Platinum Money Market
0.15%$500-Founders Money Market
0.05%$500-Money Market

Pioneer West Virginia Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Share Draft Account
0.05%$500-Second Chance Checking

Pioneer West Virginia Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month Share Certificate
0.85%$500-48 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.50%$500-30 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.35%$500-18 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.20%$500-6 Month Share Certificate
0.10%$500-3 Month Share Certificate

Pioneer West Virginia Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%--60 Month IRA
1.00%--60 Month Roth IRA
0.85%--48 Month IRA
0.85%--48 Month Roth IRA
0.70%--36 Month IRA
0.70%--36 Month Roth IRA
Locations


Pioneer West Virginia Credit Union Locations
Branch Office1 Warrior WayBelle, WV 25015
Branch Office1320 Kanawha Blvd ECharleston, WV 25301
Branch Office4802 MacCorkle Ave SWSouth Charleston, WV 25309
Branch Office1507 Main St EOak Hill, WV 25901-2729
Branch Office414 Division StSouth Charleston, WV 25309