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Overview / Commentary
304-586-3900
101 ROOSEVELT BLVD
ELEANOR, WV 25070

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.

Field of Membership Restrictions

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Health

Data for Q1 2014

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 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.

Deposit Growth

GRADE:
A+

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.

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 $11.72 million in assets with $1.46 million in equity, resulting in a capitalization level of 12.47%, which is excellent.

Institution Statistics

Overall
NCUA #21107
Year Chartered1972
Employees2
Primary Regulator
Assets and Liabilities
Assets$11.72 million
Loans$4.24 million
Deposits$10.28 million
Equity Capital$1.43 million
Loan Loss Allowance$31,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.85 million
Equity Capital$1.40 million
Loan Loss Allowance$28,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.46%
Return on Assets0.41%
Return on Equity3.35%
Interest Income$76,000
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