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Overview / Commentary
304-253-6279
200 Veterans Ave
Beckley, WV 25801

Raleigh County Credit Union is headquartered in Beckley and is the 57th largest credit union in the state of West Virginia. It is also the 4,589th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 4 employees and 1,753 members. Raleigh County Credit Union's CD rates are 22% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee or pensioner of the U.S. Government (except the Department of Education and Internal Revenue Service) who work in or is supervised from Beckley, WV. - See Details

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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. Raleigh County Credit Union has a very 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 Raleigh County Credit Union had $4,000 in non-current loans and owned real-estate with $987,000 in equity and loan loss allowances on hand to cover it. This gives Raleigh County Credit Union a Texas Ratio of 0.41% 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 Raleigh County Credit Union experienced no significant changes from 0.35% as of March 31, 2013 to 0.41% as of March 31, 2014, resulting in a negative change of 15.77%. This indicates that the balance sheet and financial strength for Raleigh County Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Raleigh County Credit Union has increased its total deposits by $880,000, resulting in 12.08% 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 County Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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 County Credit Union has $9.18 million in assets with $987,000 in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

Overall
NCUA #7790
Year Chartered1952
Employees4
Primary Regulator
Assets and Liabilities
Assets$9.18 million
Loans$5.54 million
Deposits$8.17 million
Equity Capital$956,000
Loan Loss Allowance$31,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.16 million
Equity Capital$829,000
Loan Loss Allowance$28,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.65%
Return on Assets1.48%
Return on Equity14.23%
Interest Income$100,000
Rates
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Raleigh County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Christmas Club Account
0.10%--Vacation Club Account
0.10%--Regular Share Saving Account

Raleigh County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%--12 Month CD
Locations


Raleigh County Credit Union Locations
Branch Office200 Veterans AveBeckley, WV 25801