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Overview / Commentary
105 East Main Street
West Union, WV 26456

West Union Bank is headquartered in West Union and is the 39th largest bank in the state of West Virginia. It is also the 3,900th largest bank in the nation. It was established in 1893 and as of March of 2014, it had grown to 47 employees at 5 locations. West Union Bank's savings rates are 92% higher than the national average, and it has a A health rating.

Reviews (1)

West Union Bank best customer service

The west union bank is a very well known bank in USA,it has a great customer service, and I as a customer is very quickly his atention and all his operations are quickly, all the payments that I made by electronic transfers are very quickly, and they offer very good fees about credit cards, I have my savings in there and I feel like my money is save and growing up by the interests rates. Although they ask a lot of requirements for a loan, if someone accomplished those requirements they give you the loan very quickly and with good interest rates and also all the requirements they ask if someone accomplish them they surely will give you the loan.


Data for Q1 2014

Institution Health


Texas Ratio


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 West Union Bank had $507,000 in non-current loans and owned real-estate with $13.31 million in equity and loan loss allowances on hand to cover it. This gives West Union Bank a Texas Ratio of 3.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for West Union Bank experienced no significant changes from 3.16% as of March 31, 2013 to 3.81% as of March 31, 2014, resulting in a negative change of 20.62%. This indicates that the balance sheet and financial strength for West Union Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, West Union Bank has increased its total deposits by $1.72 million, resulting in 1.42% 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 West Union Bank has shown is above average.



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. West Union Bank has $139.51 million in assets with $13.31 million in equity, resulting in a capitalization level of 9.54%, which is above average.

Institution Statistics

FDIC Certificate #2452
Year Established1893
Primary RegulatorFDIC
Assets and Liabilities
Assets$139.51 million
Loans$78.44 million
Deposits$122.94 million
Equity Capital$12.56 million
Loan Loss Allowance$753,000
Unbacked Noncurrent Loans$194,000
Real Estate Owned$313,000
Historic Data - March 2013
Assets$138.15 million
Equity Capital$13.05 million
Loan Loss Allowance$658,000
Unbacked Noncurrent Loans$194,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.4%
Return on Assets0.58%
Return on Equity6.6%
Interest Income$1.20 million

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West Union Bank Savings Account Rates

1.00%$50$2,500Christmas Club Account

West Union Bank Money Market Rates

0.15%$1k-Money Market Account

West Union Bank Checking Account Rates

0.15%$1k-Super NOW Account

West Union Bank CD Rates

0.90%--60 Month CD
0.75%--48 Month CD
0.65%--40 Month CD
0.60%--36 Month CD
0.50%--30 Month CD
0.45%--27 Month CD
0.45%--24 Month CD Deposit Customer Rate
0.40%--24 Month CD
0.40%--25 Month CD
0.30%--18 Month CD
0.30%--12 Month CD Deposit Customer Rate
0.25%--12 Month CD
0.25%--15 Month CD
0.20%--10 Month CD
0.15%--182 Day CD
0.15%--7 Month CD
0.10%--90 Day CD

West Union Bank IRA Rates

0.90%--60 Month IRA
0.90%--60 Month Coverdale IRA
0.65%--48 Month Variable IRA
0.60%--36 Month IRA
0.40%--24 Month IRA
0.30%--30 Month Variable IRA

West Union Bank Locations
Salem Branch1 Westgate CenterSalem, WV 26426
Pennsboro Branch101 Eagle DrivePennsboro, WV 26415
West Union Bank105 East Main StreetWest Union, WV 26456
Harrisville Branch201 E Main StreetHarrisville, WV 26362
Newpointe Plaza Shopping Center Branch320 Emily DriveClarksburg, WV 26301