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Overview / Commentary
304-485-1421
1925 Murdoch Avenue
Parkersburg, WV 26101

Union Trades Credit Union is headquartered in Parkersburg and is the 37th largest credit union in the state of West Virginia. It is also the 3,589th largest credit union in the nation. It was established in 1972 and as of March of 2014, it had grown to 12 employees and 2,595 members. Union Trades Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Wood County, WV or Washington County, Ohio. Also open to members of several Building and Construction Unions in Mid-Ohio Valley. - 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. Union Trades 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 Union Trades Credit Union had $126,000 in non-current loans and owned real-estate with $1.95 million in equity and loan loss allowances on hand to cover it. This gives Union Trades Credit Union a Texas Ratio of 6.46% 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 Union Trades Credit Union decreased slightly from 9.22% as of March 31, 2013 to 6.46% as of March 31, 2014, resulting in a positive change of 29.87%.This indicates that the balance sheet and financial strength for Union Trades Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Union Trades Credit Union has increased its total deposits by $906,000, resulting in 5.45% 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 Union Trades Credit Union has shown is excellent.

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. Union Trades Credit Union has $19.46 million in assets with $1.95 million in equity, resulting in a capitalization level of 10.01%, which is above average.

Institution Statistics

Overall
NCUA #21100
Year Chartered1972
Employees12
Primary Regulator
Assets and Liabilities
Assets$19.46 million
Loans$10.26 million
Deposits$17.54 million
Equity Capital$1.89 million
Loan Loss Allowance$64,000
Unbacked Noncurrent Loans$126,000
Real Estate Owned$0
Historic Data - March 2013
Assets$18.62 million
Equity Capital$1.89 million
Loan Loss Allowance$106,000
Unbacked Noncurrent Loans$126,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.5%
Return on Assets0.02%
Return on Equity0.21%
Interest Income$179,000
Rates
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Union Trades Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25$250kShare Account

Union Trades Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$100-36 Month CD
0.60%$100-24 Month CD
0.30%$100-12 Month CD

Union Trades Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%--IRA Account
Locations


Union Trades Credit Union Locations
Branch Office600 Leon Sullivan Way Ste 101Charleston, WV 25301-1219
Branch Office330 14TH STHUNTINGTON, WV 25701
Branch Office1925 Murdoch AveParkersburg, WV 26101-2528