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Overview / Commentary
304-273-0515
P.O. Box 67
Ravenswood, WV 26164

Ravenswood Credit Union is headquartered in Ravenswood and is the 24th largest credit union in the state of West Virginia. It is also the 2,874th largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 15 employees and 5,106 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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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. Ravenswood 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 Ravenswood Credit Union had $189,000 in non-current loans and owned real-estate with $3.93 million in equity and loan loss allowances on hand to cover it. This gives Ravenswood Credit Union a Texas Ratio of 4.81% 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 Ravenswood Credit Union decreased dramatically from 7.51% as of December 31, 2012 to 4.81% as of December 31, 2013, resulting in a positive change of 35.94%.This indicates that the balance sheet and financial strength for Ravenswood Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Ravenswood Credit Union has increased its total deposits by $1.3 million, resulting in 5.21% 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.

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. Ravenswood Credit Union has $31.36 million in assets with $3.93 million in equity, resulting in a capitalization level of 12.53%, which is excellent.

Institution Statistics

Overall
NCUA #13321
Year Chartered1959
Employees15
Primary Regulator
Assets and Liabilities
Assets$31.36 million
Loans$16.33 million
Deposits$26.31 million
Equity Capital$3.81 million
Loan Loss Allowance$115,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$0
Historic Data - December 2012
Assets$29.32 million
Equity Capital$3.98 million
Loan Loss Allowance$60,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.62%
Return on Assets0.17%
Return on Equity1.39%
Interest Income$1.11 million
Rates
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Ravenswood Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%--IRA Account
0.15%--Shares Account
0.15%--Christmas Club

Ravenswood Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%--2 Year CD
0.40%--1 Year CD
Locations


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