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304-586-3900
P.O. Box 424
Eleanor, WV 25070

Putnam School Employees Credit Union is headquartered in ELEANOR and is the 49th largest credit union in the state of West Virginia. It is also the 4,329th largest credit union in the nation. It was established in 1972 and as of December of 2013, it had grown to 2 employees and 1,814 members. Putnam School Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Putnam School Employees Credit Union has a low asset base.

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 Putnam School Employees Credit Union had $49,000 in non-current loans and owned real-estate with $1.48 million in equity and loan loss allowances on hand to cover it. This gives Putnam School Employees Credit Union a Texas Ratio of 3.32% 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 Putnam School Employees Credit Union experienced no significant changes from 0.28% as of December 31, 2012 to 3.32% as of December 31, 2013, resulting in a negative change of 1,072.75%. This indicates that the balance sheet and financial strength for Putnam School Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Putnam School Employees Credit Union has increased its total deposits by $948,000, resulting in 10.75% 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 Putnam School Employees Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Putnam School Employees Credit Union has $11.21 million in assets with $1.48 million in equity, resulting in a capitalization level of 13.18%, which is excellent.

Institution Statistics

Overall
NCUA #21107
Year Chartered1972
Employees2
Primary Regulator
Assets and Liabilities
Assets$11.21 million
Loans$4.43 million
Deposits$9.77 million
Equity Capital$1.44 million
Loan Loss Allowance$38,000
Unbacked Noncurrent Loans$49,000
Real Estate Owned$0
Historic Data - December 2012
Assets$10.21 million
Equity Capital$1.39 million
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$49,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.72%
Return on Assets0.4%
Return on Equity3.13%
Interest Income$320,000
Rates
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Putnam School Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-Dividend Account
Locations


Putnam School Employees Credit Union Locations
Branch Office101 ROOSEVELT BLVDELEANOR, WV 25070
Branch Office101 Roosevelt BlvdELeanor, WV 25070