Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
304-292-3798
P.O. Box 844
Morgantown, WV 26507

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 4,414st largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 5 employees and 2,053 members. Tri Ag W Va Credit Union has a C+ health rating.

Field of Membership Restrictions

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

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

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. Tri Ag W Va 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 Tri Ag W Va Credit Union had $32,000 in non-current loans and owned real-estate with $1.04 million in equity and loan loss allowances on hand to cover it. This gives Tri Ag W Va Credit Union a Texas Ratio of 3.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Tri Ag W Va Credit Union decreased dramatically from 25.93% as of December 31, 2012 to 3.09% as of December 31, 2013, resulting in a positive change of 88.10%.This indicates that the balance sheet and financial strength for Tri Ag W Va Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Tri Ag W Va Credit Union has decreased its total deposits by -$1.59 million, resulting in -14.03% 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.

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. Tri Ag W Va Credit Union has $10.47 million in assets with $1.04 million in equity, resulting in a capitalization level of 9.91%, which is above average.

Institution Statistics

Overall
NCUA #12853
Year Chartered1959
Employees5
Primary Regulator
Assets and Liabilities
Assets$10.47 million
Loans$6.77 million
Deposits$9.75 million
Equity Capital$709,000
Loan Loss Allowance$328,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$0
Historic Data - December 2012
Assets$12.00 million
Equity Capital$648,000
Loan Loss Allowance$293,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$190,000
Profit Margin - Quarterly
Net Interest Margin6.52%
Return on Assets0.56%
Return on Equity8.32%
Interest Income$483,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Tri Ag W Va Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Tri Ag W Va Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$20k$1mRegular Shares
0.10%$20k$1mChristmas Account
0.10%$20k$1mEducation Account
0.10%$20k$1mVacation Account
0.05%--Traditional IRA
0.05%--Roth IRA
0.05%--Coverdell Education IRA

Tri Ag W Va Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.30%$1k$250k24 Month CD
0.20%$1k$250k12 Month CD
0.10%$1k$250k6 Month CD
Locations


Tri Ag W Va Credit Union Locations
Branch Office1550 EARL L Core Rd Ste 100MORGANTOWN, WV 26505-5920