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W. Virginia State Convention Credit Union

W. Virginia State Convention Credit Union
Overview / Commentary
P.O. Box 253
Hilltop, WV 25855

W. Virginia State Convention Credit Union is headquartered in Hilltop and is the 91st largest credit union in the state of West Virginia. It is also the 6,587th largest credit union in the nation. It was established in 1984 and as of December of 2013, it had grown to 141 members. W. Virginia State Convention Credit Union has a C- health rating.

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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. W. Virginia State Convention Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 W. Virginia State Convention Credit Union had $3,000 in non-current loans and owned real-estate with $21,000 in equity and loan loss allowances on hand to cover it. This gives W. Virginia State Convention Credit Union a Texas Ratio of 14.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
F

In the past year, W. Virginia State Convention Credit Union has decreased its total deposits by $-32,000, resulting in -14.35% 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 W. Virginia State Convention 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. W. Virginia State Convention Credit Union has $211,000 in assets with $21,000 in equity, resulting in a capitalization level of 9.95%, which is above average.

Institution Statistics

Overall
NCUA #68112
Year Chartered1984
Employees0
Primary Regulator
Assets and Liabilities
Assets$211,000
Loans$43,000
Deposits$191,000
Equity Capital$20,000
Loan Loss Allowance$1,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - December 2012
Assets$243,000
Equity Capital$19,000
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.78%
Return on Assets0%
Return on Equity0%
Interest Income$4,000
Rates

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Locations


W. Virginia State Convention Credit Union Locations
Branch OfficePO Box 283Hilltop, WV 25855