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Overview / Commentary
702 Washington St
Ravenswood, WV 26164-1772

Ravenswood Credit Union is headquartered in Ravenswood and is the 24th largest credit union in the state of West Virginia. It is also the 2,872nd largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 14 employees and 5,156 members. Ravenswood Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work or worship in Jackson County, West Virginia - See Details

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Data for Q1 2014

Institution Health

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

Texas Ratio


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 Ravenswood Credit Union had $123,000 in non-current loans and owned real-estate with $3.88 million in equity and loan loss allowances on hand to cover it. This gives Ravenswood Credit Union a Texas Ratio of 3.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ravenswood Credit Union decreased dramatically from 5.99% as of March 31, 2013 to 3.17% as of March 31, 2014, resulting in a positive change of 47.12%.This indicates that the balance sheet and financial strength for Ravenswood Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Ravenswood Credit Union has increased its total deposits by $1.22 million, resulting in 4.66% 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 Ravenswood 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. Ravenswood Credit Union has $32.32 million in assets with $3.88 million in equity, resulting in a capitalization level of 12.01%, which is excellent.

Institution Statistics

NCUA #13321
Year Chartered1959
Primary Regulator
Assets and Liabilities
Assets$32.32 million
Loans$16.57 million
Deposits$27.48 million
Equity Capital$3.77 million
Loan Loss Allowance$115,000
Unbacked Noncurrent Loans$123,000
Real Estate Owned$0
Historic Data - March 2013
Assets$30.60 million
Equity Capital$3.98 million
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$123,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.54%
Return on Equity4.67%
Interest Income$261,000
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Ravenswood Credit Union Savings Account Rates

0.45%--IRA Account
0.10%--Shares Account
0.10%--Christmas Club

Ravenswood Credit Union CD Rates

0.50%--2 Year CD
0.30%--1 Year CD

Ravenswood Credit Union Locations
Branch Office702 Washington StRavenswood, WV 26164-1772
Branch Office245 Church St SRipley, WV 25271-1509