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Overview / Commentary
54 14th St, Basement
Wheeling, WV 26003

Whetelco Credit Union is headquartered in Wheeling and is the 73rd largest credit union in the state of West Virginia. It is also the 5,502nd largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 922 members. Whetelco Credit Union has a C+ health rating.

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Whetelco Credit Union has a very low asset base.

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 Whetelco Credit Union had $20,000 in non-current loans and owned real-estate with $1.55 million in equity and loan loss allowances on hand to cover it. This gives Whetelco Credit Union a Texas Ratio of 1.29% 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 Whetelco Credit Union decreased dramatically from 3.79% as of December 31, 2012 to 1.29% as of December 31, 2013, resulting in a positive change of 66.01%.This indicates that the balance sheet and financial strength for Whetelco Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Whetelco Credit Union has decreased its total deposits by $-324,000, resulting in -11.97% 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 Whetelco Credit Union has shown is poor.



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. Whetelco Credit Union has $3.92 million in assets with $1.55 million in equity, resulting in a capitalization level of 39.59%, which is excellent.

Institution Statistics

NCUA #13990
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$3.92 million
Deposits$2.38 million
Equity Capital$1.53 million
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.25 million
Equity Capital$1.53 million
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.98%
Return on Assets-0.03%
Return on Equity-0.07%
Interest Income$96,000

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Whetelco Credit Union Locations
Branch Office54 14th St BasementWheeling, WV 26003-3431