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Overview / Commentary
901 Market St
Wheeling, WV 26003-2909

Teamsters Local 697 Credit Union is headquartered in Wheeling and is the 80th largest credit union in the state of West Virginia. It is also the 6,072nd largest credit union in the nation. It was established in 1972 and as of March of 2014, it had grown to 1 employees and 456 members. Teamsters Local 697 Credit Union has a C health rating.

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Health

Data for Q1 2014

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Teamsters Local 697 Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

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 Teamsters Local 697 Credit Union had $26,000 in non-current loans and owned real-estate with $138,000 in equity and loan loss allowances on hand to cover it. This gives Teamsters Local 697 Credit Union a Texas Ratio of 18.84% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Teamsters Local 697 Credit Union increased slightly from 7.19% as of March 31, 2013 to 18.84% as of March 31, 2014, resulting in a negative change of 161.88%. This indicates that the balance sheet and financial strength for Teamsters Local 697 Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Teamsters Local 697 Credit Union has increased its total deposits by $259,000, resulting in 24.6% 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 Teamsters Local 697 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. Teamsters Local 697 Credit Union has $1.43 million in assets with $138,000 in equity, resulting in a capitalization level of 9.65%, which is above average.

Institution Statistics

Overall
NCUA #20957
Year Chartered1972
Employees1
Primary Regulator
Assets and Liabilities
Assets$1.43 million
Loans$904,000
Deposits$1.31 million
Equity Capital$111,000
Loan Loss Allowance$27,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.17 million
Equity Capital$109,000
Loan Loss Allowance$30,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.28%
Return on Assets0.56%
Return on Equity7.21%
Interest Income$22,000
Rates

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Locations


Teamsters Local 697 Credit Union Locations
Branch Office901 Market StWheeling, WV 26003-2909