Tri Ag W Va Credit Union is headquartered in MORGANTOWN and is the 51st largest credit union in the state of West Virginia. It is also the 4,431st largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 5 employees and 1,996 members. Tri Ag W Va Credit Union has a C+ health rating.
Employees of the U.S Department of Agriculture, who work in or are directed from the offices of the Agricultural Stabilization & conservation Service, Farmers Home Administration, and Soil conservation Service, in Morgantown, West Virginia - See Details
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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 Tri Ag W Va Credit Union had $0 in non-current loans and owned real-estate with $875,000 in equity and loan loss allowances on hand to cover it. This gives Tri Ag W Va Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Tri Ag W Va Credit Union has decreased its total deposits by -$1.51 million, resulting in -13.47% 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 Tri Ag W Va Credit Union has shown is poor.
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. Tri Ag W Va Credit Union has $10.44 million in assets with $875,000 in equity, resulting in a capitalization level of 8.38%, which is average.
|Assets and Liabilities|
|Loan Loss Allowance||$139,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Loan Loss Allowance||$261,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.55%|
|Return on Assets||1.03%|
|Return on Equity||14.67%|
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|0.05%||-||-||Coverdell Education IRA|
|0.30%||$1k||$250k||24 Month CD|
|0.20%||$1k||$250k||12 Month CD|
|0.10%||$1k||$250k||6 Month CD|
|Tri Ag W Va Credit Union Locations|
|Branch Office||1550 EARL L Core Rd Ste 100||MORGANTOWN, WV 26505-5920|