Willow Island Credit Union

Willow Island Credit Union is headquartered in Saint Marys and is the 68^th largest credit union in the state of West Virginia. It is also the 5,390^th largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 4 employees and 1,437 members. Willow Island Credit Union has a 3-star health rating.

Willow Island Credit Union Savings Account Rates

Willow Island Credit Union CD Rates

Data for Q4 2011

Institution Statistics WILLOW ISLAND NCUA # 8474 BankRate Report View Year Chartered 1953 Employees 4 Primary Regulator Assets and Liabilities Assets $5.66 million Loans $4.14 million Deposits $5.12 million Equity Capital $523,000 Loan Loss Allowance $12,000 Unbacked Noncurrent Loans $126,000 Historic Data - December 2010 Assets $5.65 million Equity Capital $476,000 Loan Loss Allowance $19,000 Unbacked Noncurrent Loans $91,000 Profit Margin - Quarterly Net Interest Margin 6.49% Return on Assets 0.83% Return on Equity 8.99% Interest Income $300,000 Non-Interest Income $95,000

Institution Health Overall Score: 3 out of 5 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, 2011 Willow Island Credit Union had $126,000 in non-current loans and owned real-estate with $535,000 in equity and loan loss allowances on hand to cover it. This gives Willow Island Credit Union a Texas Ratio of 23.55% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Willow Island Credit Union increased slightly from 18.38% as of December 31, 2010 to 23.55% as of December 31, 2011, resulting in a negative change of 28.11%. This indicates that the balance sheet and financial strength for Willow Island Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Willow Island Credit Union has decreased its total deposits by $-34,000, resulting in -0.66% 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 Willow Island Credit Union has shown is average. Capitalization 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. Willow Island Credit Union has $5.66 million in assets with $535,000 in equity, resulting in a capitalization level of 9.45%, which is average.

No reviews have been left for this bank yet. Be the first to review.