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Overview / Commentary
105 Adair St
Beckley, WV 25801

Raleigh Co. Educators Credit Union is headquartered in Beckley and is the 32nd largest credit union in the state of West Virginia. It is also the 3,397th largest credit union in the nation. It was established in 1980 and as of December of 2013, it had grown to 4 employees and 2,299 members. Raleigh Co. Educators Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of a public, private or parochial school or college in Raleigh County. - See Details

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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. Raleigh Co. Educators 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 Raleigh Co. Educators Credit Union had $99,000 in non-current loans and owned real-estate with $3.4 million in equity and loan loss allowances on hand to cover it. This gives Raleigh Co. Educators Credit Union a Texas Ratio of 2.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Raleigh Co. Educators Credit Union decreased dramatically from 14.62% as of December 31, 2012 to 2.91% as of December 31, 2013, resulting in a positive change of 80.11%.This indicates that the balance sheet and financial strength for Raleigh Co. Educators Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Raleigh Co. Educators Credit Union has increased its total deposits by $701,000, resulting in 3.99% 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 Raleigh Co. Educators 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. Raleigh Co. Educators Credit Union has $21.74 million in assets with $3.4 million in equity, resulting in a capitalization level of 15.66%, which is excellent.

Institution Statistics

Overall
NCUA #23722
Year Chartered1980
Employees4
Primary Regulator
Assets and Liabilities
Assets$21.74 million
Loans$6.11 million
Deposits$18.29 million
Equity Capital$3.34 million
Loan Loss Allowance$64,000
Unbacked Noncurrent Loans$99,000
Real Estate Owned$0
Historic Data - December 2012
Assets$20.90 million
Equity Capital$3.16 million
Loan Loss Allowance$52,000
Unbacked Noncurrent Loans$99,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.77%
Return on Assets0.85%
Return on Equity5.54%
Interest Income$624,000
Rates

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Locations


Raleigh Co. Educators Credit Union Locations
Branch Office105 Adair StBeckley, WV 25801-3733