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P.O. Box 271
Kingwood, WV 26537

Preston Credit Union is headquartered in KINGWOOD and is the 31st largest credit union in the state of West Virginia. It is also the 3,279th largest credit union in the nation. It was established in 1978 and as of December of 2013, it had grown to 2 employees and 1,606 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 Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Preston Credit Union had $119,000 in non-current loans and owned real-estate with $2.58 million in equity and loan loss allowances on hand to cover it. This gives Preston Credit Union a Texas Ratio of 4.62% 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 experienced no significant changes from 4.01% as of December 31, 2012 to 4.62% as of December 31, 2013, resulting in a negative change of 15.29%. This indicates that the balance sheet and financial strength for Preston Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Preston Credit Union has increased its total deposits by $1.25 million, resulting in 6.3% 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 $23.63 million in assets with $2.58 million in equity, resulting in a capitalization level of 10.90%, which is above average.

Institution Statistics

NCUA #23015
Year Chartered1978
Primary Regulator
Assets and Liabilities
Assets$23.63 million
Loans$8.06 million
Deposits$21.07 million
Equity Capital$2.53 million
Loan Loss Allowance$50,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$0
Historic Data - December 2012
Assets$22.13 million
Equity Capital$2.28 million
Loan Loss Allowance$63,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.55%
Return on Assets1.03%
Return on Equity9.62%
Interest Income$668,000
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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

1.00%$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

1.00%$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