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318 5th Ave
South Charlesto, WV 25303

West Virginia Credit Union is headquartered in South Charlesto and is the 6th largest credit union in the state of West Virginia. It is also the 1,071st largest credit union in the nation. It was established in 1965 and as of December of 2013, it had grown to 41 employees and 10,657 members. West Virginia Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Boone, Cabell, Kanawha, Lincoln, Putnam or Wayne County. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


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 Credit Union had $791,000 in non-current loans and owned real-estate with $16.75 million in equity and loan loss allowances on hand to cover it. This gives West Virginia Credit Union a Texas Ratio of 4.72% 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 Virginia Credit Union decreased slightly from 5.95% as of December 31, 2012 to 4.72% as of December 31, 2013, resulting in a positive change of 20.60%.This indicates that the balance sheet and financial strength for West Virginia Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, West Virginia Credit Union has decreased its total deposits by -$8.36 million, resulting in -5.48% 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 Credit Union has shown is below 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 Virginia Credit Union has $160.68 million in assets with $16.75 million in equity, resulting in a capitalization level of 10.42%, which is above average.

Institution Statistics

NCUA #17057
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$160.68 million
Loans$82.09 million
Deposits$144.25 million
Equity Capital$15.74 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$702,000
Real Estate Owned$89,000
Historic Data - December 2012
Assets$169.40 million
Equity Capital$16.09 million
Loan Loss Allowance$1.09 million
Unbacked Noncurrent Loans$702,000
Real Estate Owned$59,000
Profit Margin - Quarterly
Net Interest Margin4.04%
Return on Assets0.28%
Return on Equity2.86%
Interest Income$4.53 million

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West Virginia Credit Union Savings Account Rates

0.20%$15-Christmas Savings
0.20%$10k-Regular IRA
0.20%$10k-Roth IRA
0.10%$100-Regular Savings

West Virginia Credit Union Money Market Rates

0.30%$50k-Money Market

West Virginia Credit Union Checking Account Rates

0.15%$10k-Interest Bearing Checking

West Virginia Credit Union CD Rates

1.01%$1k-60 Month Certificate
0.90%$1k-48 Month Certificate
0.75%$1k-36 Month Certificate
0.60%$1k-30 Month Certificate
0.50%$1k-24 Month Certificate
0.40%$1k-18 Month Certificate
0.30%$1k-12 Month Certificate
0.25%$1k-6 Month Certificate

West Virginia Credit Union IRA Rates

1.10%$1k-60 Month IRA Certificate (Traditional,Roth)
1.00%$1k-48 Month IRA Certificate (Traditional,Roth)
0.75%$1k-36 Month IRA Certificate (Traditional,Roth)
0.50%$1k-24 Month IRA Certificate (Traditional,Roth)
0.30%$1k-12 Month IRA Certificate (Traditional,Roth)

West Virginia Credit Union Locations
Branch Office2355 Maccorkle AveSaint Albans, WV 25177-2008
Branch Office2600 5th AveHuntington, WV 25702-1329
Branch Office207 Main AveNitro, WV 25143-2026
Branch Office318 5th AveSouth Charleston, WV 25303-1204