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Overview / Commentary
P.O. Box 70
Apple Grove, WV 25502

Twin Oaks Credit Union is headquartered in Apple Grove and is the 69th largest credit union in the state of West Virginia. It is also the 5,286th largest credit union in the nation. It was established in 1977 and as of December of 2013, it had grown to 7 employees and 1,111 members. Twin Oaks Credit Union has a C health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Mason County. - See Details

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Data for Q4 2013

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. Twin Oaks Credit Union has a very low asset base.

Texas Ratio


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 Twin Oaks Credit Union had $76,000 in non-current loans and owned real-estate with $467,000 in equity and loan loss allowances on hand to cover it. This gives Twin Oaks Credit Union a Texas Ratio of 16.27% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Twin Oaks Credit Union decreased slightly from 21.29% as of December 31, 2012 to 16.27% as of December 31, 2013, resulting in a positive change of 23.55%.This indicates that the balance sheet and financial strength for Twin Oaks Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Twin Oaks Credit Union has increased its total deposits by $133,000, resulting in 3.06% 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 Twin Oaks Credit Union has shown is excellent.



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. Twin Oaks Credit Union has $4.91 million in assets with $467,000 in equity, resulting in a capitalization level of 9.52%, which is above average.

Institution Statistics

NCUA #22681
Year Chartered1977
Primary Regulator
Assets and Liabilities
Assets$4.91 million
Loans$3.53 million
Deposits$4.48 million
Equity Capital$424,000
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$76,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.94 million
Equity Capital$586,000
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$76,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.26%
Return on Assets-3.26%
Return on Equity-37.74%
Interest Income$249,000

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Twin Oaks Credit Union Locations
Branch Office96 Gander LaneMason, WV 25260
Branch Office2411 Jackson AvePoint Pleasant, WV 25550
Branch Office27405 Huntington RdApple Grove, WV 25502