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Overview / Commentary
304-485-4523
1306 Murdoch Avenue
Parkersburg, WV 26101

West Virginia Central Credit Union is headquartered in Parkersburg and is the 7th largest credit union in the state of West Virginia. It is also the 1,326th largest credit union in the nation. It was established in 1969 and as of December of 2013, it had grown to 29 employees and 16,858 members. West Virginia Central Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an employee of one of the several select employee group. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 West Virginia Central Credit Union had $284,000 in non-current loans and owned real-estate with $10.11 million in equity and loan loss allowances on hand to cover it. This gives West Virginia Central Credit Union a Texas Ratio of 2.81% 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 West Virginia Central Credit Union decreased slightly from 3.91% as of December 31, 2012 to 2.81% as of December 31, 2013, resulting in a positive change of 28.22%.This indicates that the balance sheet and financial strength for West Virginia Central Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, West Virginia Central Credit Union has increased its total deposits by $10.69 million, resulting in 10.81% 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 Virginia Central Credit Union has shown is excellent.

Capitalization

GRADE:
C

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 Virginia Central Credit Union has $119.64 million in assets with $10.11 million in equity, resulting in a capitalization level of 8.45%, which is average.

Institution Statistics

Overall
NCUA #67774
Year Chartered1969
Employees29
Primary Regulator
Assets and Liabilities
Assets$119.65 million
Loans$76.72 million
Deposits$109.58 million
Equity Capital$9.97 million
Loan Loss Allowance$140,000
Unbacked Noncurrent Loans$284,000
Real Estate Owned$0
Historic Data - December 2012
Assets$108.10 million
Equity Capital$9.11 million
Loan Loss Allowance$167,000
Unbacked Noncurrent Loans$284,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.54%
Return on Assets0.84%
Return on Equity10.03%
Interest Income$3.87 million
Rates
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West Virginia Central Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%$100k- Premium Saving (Share) Account
0.75%--IRA Account
0.50%$1k-Regular Saving (Share) Account
0.45%--Christmas Club Account
0.45%--Vacation Club Account

West Virginia Central Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--Checking ( Share Draft) Account

West Virginia Central Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-36 Month Rising Market CD
1.00%$1k-24 Month CD
0.90%$1k-21 Month CD
0.80%$1k-18 Month CD
0.75%$1k-12 Month CD
0.75%$1k-15 Month CD
0.65%$1k-9 Month CD
0.60%$1k-6 Month CD
0.55%$1k-3 Month CD

West Virginia Central Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-36 Month Rising Market IRA
1.00%$1k-24 MonthIRA
0.90%$1k-21 Month IRA
0.80%$1k-18 Month IRA
0.75%$1k-12 Month IRA
0.75%$1k-15 Month IRA
0.65%$1k-9 Month IRA
0.60%$1k-6 Month IRA
0.55%$1k-3 Month IRA
Locations


West Virginia Central Credit Union Locations
Branch Office1306 Murdoch AveParkersburg, WV 26101-3238