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Overview / Commentary
KINGWOOD, WV 26537-1722

Preston Credit Union is headquartered in KINGWOOD and is the 31st largest credit union in the state of West Virginia. It is also the 3,289th largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 2 employees and 1,612 members. Preston Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or volunteer of Preston County Board of Education, Tucker County Board of Education or other select group. - 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. Preston Credit Union has a 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 Preston Credit Union had $77,000 in non-current loans and owned real-estate with $2.65 million in equity and loan loss allowances on hand to cover it. This gives Preston Credit Union a Texas Ratio of 2.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Preston Credit Union decreased slightly from 3.79% as of March 31, 2013 to 2.90% as of March 31, 2014, resulting in a positive change of 23.30%.This indicates that the balance sheet and financial strength for Preston Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Preston Credit Union has increased its total deposits by $704,000, resulting in 3.39% 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 Preston Credit Union has shown is excellent.



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. Preston Credit Union has $24.11 million in assets with $2.65 million in equity, resulting in a capitalization level of 11.00%, which is excellent.

Institution Statistics

NCUA #23015
Year Chartered1978
Primary Regulator
Assets and Liabilities
Assets$24.11 million
Loans$7.81 million
Deposits$21.46 million
Equity Capital$2.60 million
Loan Loss Allowance$51,000
Unbacked Noncurrent Loans$77,000
Real Estate Owned$0
Historic Data - March 2013
Assets$23.13 million
Equity Capital$2.34 million
Loan Loss Allowance$13,000
Unbacked Noncurrent Loans$77,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.11%
Return on Assets1.23%
Return on Equity11.38%
Interest Income$180,000
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Preston Credit Union Savings Account Rates

0.40%$50k-Supersaver Account
0.20%--Christmas Club
0.20%--Vacation Club
0.20%--Back to School Club
0.15%--Regular Savings

Preston Credit Union Checking Account Rates

0.25%$2,500-Share Draft Checking

Preston Credit Union CD Rates

1.10%$500-48 Month CD
0.65%$500-36 Month CD
0.40%$500-21 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD

Preston Credit Union IRA Rates

1.10%$500-48 Month IRA
0.65%$500-36 Month IRA
0.40%$500-21 Month IRA
0.30%$500-12 Month IRA
0.20%$500-6 Month IRA

Preston Credit Union Locations
Branch Office434 E MAIN STKINGWOOD, WV 26537-1722