Putnam School Employees Credit Union is headquartered in ELEANOR and is the 48th largest credit union in the state of West Virginia. It is also the 4,294th largest credit union in the nation. It was established in 1972 and as of March of 2014, it had grown to 2 employees and 1,821 members. Putnam School Employees Credit Union has a B+ health rating.
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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 Putnam School Employees Credit Union had $0 in non-current loans and owned real-estate with $1.46 million in equity and loan loss allowances on hand to cover it. This gives Putnam School Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Putnam School Employees Credit Union has increased its total deposits by $828,000, resulting in 8.76% 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.
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 $11.72 million in assets with $1.46 million in equity, resulting in a capitalization level of 12.47%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$1.43 million|
|Loan Loss Allowance||$31,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$1.40 million|
|Loan Loss Allowance||$28,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.46%|
|Return on Assets||0.41%|
|Return on Equity||3.35%|
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|Putnam School Employees Credit Union Locations|
|Branch Office||101 ROOSEVELT BLVD||ELEANOR, WV 25070|
|Branch Office||101 Roosevelt Blvd||ELeanor, WV 25070|