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866-884-2498
3316 Main St
Weirton, WV 26062

Strip Steel Community Credit Union is headquartered in WEIRTON and is the 17st largest credit union in the state of West Virginia. It is also the 2,430th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 5 employees and 3,697 members. Strip Steel Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Jefferson County, Ohio or Brooke or Hancock County in 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. Strip Steel Community 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 Strip Steel Community Credit Union had $282,000 in non-current loans and owned real-estate with $8.62 million in equity and loan loss allowances on hand to cover it. This gives Strip Steel Community Credit Union a Texas Ratio of 3.27% 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 Strip Steel Community Credit Union experienced no significant changes from 3.12% as of December 31, 2012 to 3.27% as of December 31, 2013, resulting in a negative change of 4.75%. This indicates that the balance sheet and financial strength for Strip Steel Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Strip Steel Community Credit Union has increased its total deposits by $1.58 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 Strip Steel Community 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. Strip Steel Community Credit Union has $44.06 million in assets with $8.62 million in equity, resulting in a capitalization level of 19.57%, which is excellent.

Institution Statistics

Overall
NCUA #8418
Year Chartered1953
Employees5
Primary Regulator
Assets and Liabilities
Assets$44.07 million
Loans$13.90 million
Deposits$35.49 million
Equity Capital$8.55 million
Loan Loss Allowance$74,000
Unbacked Noncurrent Loans$144,000
Real Estate Owned$138,000
Historic Data - December 2012
Assets$42.57 million
Equity Capital$8.51 million
Loan Loss Allowance$37,000
Unbacked Noncurrent Loans$144,000
Real Estate Owned$241,000
Profit Margin - Quarterly
Net Interest Margin4.79%
Return on Assets-0.13%
Return on Equity-0.66%
Interest Income$965,000
Rates
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Strip Steel Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$40k-Savings
0.20%--Christmas Club Account
0.20%--Vacation Club Account

Strip Steel Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$500-36 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.45%$500-18 Month Share Certificate
0.35%$500-12 Month Share Certificate

Strip Steel Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$250-60 Month IRA
0.70%$250-36 Month IRA
0.50%$250-24 Month IRA
0.35%$250-12 Month IRA
Locations


Strip Steel Community Credit Union Locations
Branch Office3316 MAIN StWEIRTON, WV 26062-4704