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Overview / Commentary
304-748-5811
3016 West St
Weirton, WV 26062-4635

Tin Mill Employees Credit Union is headquartered in Weirton and is the 36th largest credit union in the state of West Virginia. It is also the 3,582nd largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 4 employees and 1,977 members. Tin Mill Employees 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. Also open to employees, faculty and students of West Liberty University and employees of Wheeling Jesuit University. - See Details

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Health

Data for Q1 2014

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. Tin Mill Employees Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Tin Mill Employees Credit Union had $93,000 in non-current loans and owned real-estate with $3.85 million in equity and loan loss allowances on hand to cover it. This gives Tin Mill Employees Credit Union a Texas Ratio of 2.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Tin Mill Employees Credit Union decreased slightly from 3.08% as of March 31, 2013 to 2.41% as of March 31, 2014, resulting in a positive change of 21.50%.This indicates that the balance sheet and financial strength for Tin Mill Employees Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Tin Mill Employees Credit Union has decreased its total deposits by $-79,000, resulting in -0.5% 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 Tin Mill Employees Credit Union has shown is average.

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. Tin Mill Employees Credit Union has $19.53 million in assets with $3.85 million in equity, resulting in a capitalization level of 19.72%, which is excellent.

Institution Statistics

Overall
NCUA #8420
Year Chartered1953
Employees4
Primary Regulator
Assets and Liabilities
Assets$19.53 million
Loans$4.34 million
Deposits$15.71 million
Equity Capital$3.81 million
Loan Loss Allowance$38,000
Unbacked Noncurrent Loans$93,000
Real Estate Owned$0
Historic Data - March 2013
Assets$19.84 million
Equity Capital$4.03 million
Loan Loss Allowance$68,000
Unbacked Noncurrent Loans$93,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets-0.86%
Return on Equity-4.4%
Interest Income$71,000
Rates
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Tin Mill Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Savings
0.25%--Christmas Club
0.25%--Vacation Club
0.10%--Share Account

Tin Mill Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%--3 Year CD
0.50%--2 Year CD
0.35%--1 Year CD
0.25%--6 Month CD
Locations


Tin Mill Employees Credit Union Locations
Branch Office3016 West StWeirton, WV 26062-4635
Branch Office1006 Van Meter WayWest Liberty, WV 26074