South Berkeley Credit Union

South Berkeley Credit Union is headquartered in Martinsburg and is the 82^nd largest credit union in the state of West Virginia. It is also the 6,299^th largest credit union in the nation. It was established in 1961 and as of December of 2011, it had grown to 2 employees and 595 members. South Berkeley Credit Union has a 3-star health rating.

South Berkeley Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics SOUTH BERKELEY NCUA # 14207 BankRate Report View Year Chartered 1961 Employees 2 Primary Regulator Assets and Liabilities Assets $2.09 million Loans $998,000 Deposits $1.97 million Equity Capital $70,000 Loan Loss Allowance $18,000 Unbacked Noncurrent Loans $16,000 Historic Data - December 2010 Assets $1.99 million Equity Capital $158,000 Loan Loss Allowance $9,000 Unbacked Noncurrent Loans $28,000 Profit Margin - Quarterly Net Interest Margin 10.47% Return on Assets -4.22% Return on Equity -125.71% Interest Income $108,000 Non-Interest Income $29,000

Institution Health Overall Score: 3 out of 5 Texas Ratio 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, 2011 South Berkeley Credit Union had $16,000 in non-current loans and owned real-estate with $88,000 in equity and loan loss allowances on hand to cover it. This gives South Berkeley Credit Union a Texas Ratio of 18.18% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for South Berkeley Credit Union held steady from 16.77% as of December 31, 2010 to 18.18% as of December 31, 2011, resulting in a negative change of 8.44%. This indicates that the balance sheet and financial strength for South Berkeley Credit Union has held steady in recent periods. Deposit Growth In the past year, South Berkeley Credit Union has increased its total deposits by $153,000, resulting in 8.41% 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 South Berkeley Credit Union has shown is excellent. Capitalization 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. South Berkeley Credit Union has $2.09 million in assets with $88,000 in equity, resulting in a capitalization level of 4.22%, which is poor.

No reviews have been left for this bank yet. Be the first to review.