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Overview / Commentary
3 Sunset Beach Rd
Morgantown, WV 26508-4431

The United Credit Union is headquartered in Morgantown and is the 11st largest credit union in the state of West Virginia. It is also the 1,862nd largest credit union in the nation. It was established in 1973 and as of March of 2014, it had grown to 19 employees and 6,506 members. The United Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

We serve employee groups, associations and individuals who live, work, worship or attend school in our chartered areas (Monongalia & Preston Counties in West Virginia and Fayette County in Pennsylvania) . - 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. The United Credit Union has a relatively 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 The United Credit Union had $609,000 in non-current loans and owned real-estate with $13.31 million in equity and loan loss allowances on hand to cover it. This gives The United Credit Union a Texas Ratio of 4.58% 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 The United Credit Union experienced no significant changes from 4.05% as of March 31, 2013 to 4.58% as of March 31, 2014, resulting in a negative change of 13.00%. This indicates that the balance sheet and financial strength for The United Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, The United Credit Union has increased its total deposits by $34,000, resulting in 0.06% 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 The United Credit Union has shown is above average.



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. The United Credit Union has $72.62 million in assets with $13.31 million in equity, resulting in a capitalization level of 18.32%, which is excellent.

Institution Statistics

NCUA #21305
Year Chartered1973
Primary Regulator
Assets and Liabilities
Assets$72.62 million
Loans$42.89 million
Deposits$56.94 million
Equity Capital$12.95 million
Loan Loss Allowance$359,000
Unbacked Noncurrent Loans$609,000
Real Estate Owned$0
Historic Data - March 2013
Assets$71.03 million
Equity Capital$11.49 million
Loan Loss Allowance$316,000
Unbacked Noncurrent Loans$609,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.77%
Return on Equity9.92%
Interest Income$809,000

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The United Credit Union Savings Account Rates

0.60%--Youth Savings
0.50%--Holiday Club
0.50%--Vacation Club
0.35%$5k-Emergency Fund
0.30%--IRA Savings
0.20%$5k-Share Savings

The United Credit Union Money Market Rates

0.40%$75k-Money Market

The United Credit Union Checking Account Rates

0.25%$2,500-Premium Share Checking

The United Credit Union CD Rates

1.10%$500-60 Month CD
0.80%$500-48 Month CD
0.75%$250-48 Month Flex
0.70%$25k-36 Month Jumbo
0.65%$500-36 Month CD
0.40%$500-24 Month CD
0.35%$1k-10 Month Special
0.35%$500-18 Month CD
0.25%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

The United Credit Union IRA Rates

1.10%$500-60 Month IRA CD
0.70%$25k-36 Month Jumbo IRA CD
0.65%$500-36 Month IRA CD
0.35%$1k-10 Month Special IRA CD
0.35%$500-18 Month IRA CD
0.25%$500-12 Month IRA CD

The United Credit Union Locations
Branch Office15630 N Preston HwyBruceton Mills, WV 26525-7036
Branch Office6610 State Route 819Mount Pleasant, PA 15666-3588
Branch Office3 Sunset Beach RdMorgantown, WV 26508-4431
Branch Office30 S Mount Vernon AveUniontown, PA 154013224