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Overview / Commentary
304-697-2919
317 31st St
Huntington, WV 25702

Universal Credit Union is headquartered in Huntington and is the 10st largest credit union in the state of West Virginia. It is also the 1,799th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 22 employees and 8,778 members. Universal Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Anyone who lives, works, goes to school, worships, volunteers, or belongs to an association in the following counties: Cabell County, Mason County, Wayne County and Lincoln County in West Virginia, as well as, Lawrence County in Ohio. - See Details

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Universal Credit Union has a relatively 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 Universal Credit Union had $260,000 in non-current loans and owned real-estate with $10 million in equity and loan loss allowances on hand to cover it. This gives Universal Credit Union a Texas Ratio of 2.60% 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 Universal Credit Union decreased dramatically from 7.88% as of December 31, 2012 to 2.60% as of December 31, 2013, resulting in a positive change of 67.00%.This indicates that the balance sheet and financial strength for Universal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Universal Credit Union has increased its total deposits by $1.15 million, resulting in 1.85% 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 Universal Credit Union has shown is above 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. Universal Credit Union has $74.34 million in assets with $10 million in equity, resulting in a capitalization level of 13.45%, which is excellent.

Institution Statistics

Overall
NCUA #785
Year Chartered1935
Employees22
Primary Regulator
Assets and Liabilities
Assets$74.34 million
Loans$31.59 million
Deposits$63.12 million
Equity Capital$9.91 million
Loan Loss Allowance$94,000
Unbacked Noncurrent Loans$260,000
Real Estate Owned$0
Historic Data - December 2012
Assets$72.99 million
Equity Capital$9.58 million
Loan Loss Allowance$120,000
Unbacked Noncurrent Loans$260,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.35%
Return on Assets0.2%
Return on Equity1.5%
Interest Income$2.44 million
Rates
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Universal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Account
0.75%--Roth IRA Account
0.10%$5k-Regular Shares
0.10%$5k-Special Savings

Universal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.80%--48 Month CD
0.65%--36 Month CD
0.40%--24 Month CD
0.20%--12 Month CD

Universal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%--60 Month IRA (Traditional,Roth)
0.80%--48 Month IRA (Traditional,Roth)
0.65%--36 Month IRA (Traditional,Roth)
0.40%--24 Month IRA (Traditional,Roth)
0.20%--12 Month IRA (Traditional,Roth)
Locations


Universal Credit Union Locations
Branch Office317 31st STHuntington, WV 25702-1417
Branch Office117 Mall RDBarboursville, WV 25504-1824
Branch Office2828 1st Ave ste 102Huntington, WV 25702