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Overview / Commentary
7910 S Pleasants Highway
Saint Marys, WV 26170

Willow Island Credit Union is headquartered in Saint Marys and is the 62nd largest credit union in the state of West Virginia. It is also the 4,877th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 5 employees and 1,641 members. Willow Island Credit Union has a C- health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Pleasants County. - See Details

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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. Willow Island 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 Willow Island Credit Union had $205,000 in non-current loans and owned real-estate with $632,000 in equity and loan loss allowances on hand to cover it. This gives Willow Island Credit Union a Texas Ratio of 32.44% 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 10.15% as of December 31, 2012 to 32.44% as of December 31, 2013, resulting in a negative change of 219.50%. 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 increased its total deposits by $961,000, resulting in 17.09% 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 excellent.



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 $7.2 million in assets with $632,000 in equity, resulting in a capitalization level of 8.77%, which is average.

Institution Statistics

NCUA #8474
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$7.20 million
Loans$5.80 million
Deposits$6.58 million
Equity Capital$610,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$205,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.20 million
Equity Capital$562,000
Loan Loss Allowance$29,000
Unbacked Noncurrent Loans$205,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.53%
Return on Assets0.65%
Return on Equity7.7%
Interest Income$351,000
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Willow Island Credit Union Savings Account Rates

0.25%--Regular Share Account
0.25%--Vacation Club Account
0.25%--Christmas Club Account

Willow Island Credit Union CD Rates

0.95%--36 Month CD
0.75%--24 Month CD
0.50%--12 Month CD
0.10%--6 Month CD
0.10%--9 Month CD

Willow Island Credit Union Locations
Branch Office7910 S Pleasants HWYSaint Marys, WV 26170-8028
Branch Office302 2ND STSAINT MARYS, WV 26170