Overview / Commentary
Alloy Federal Credit Union is headquartered in Alloy and is the 35th largest credit union in the state of West Virginia. It is also the 2,990th largest credit union in the nation. It was established in 1970 and as of June of 2024, it had grown to 5 employees and 4,663 members at 2 locations. Alloy Federal Credit Union's CD rates are 2X the national average, and it has a B health rating.
Field of Membership Restrictions
Alloy Federal Credit Union is open to those who live, work, worship, or attend school in Fayette County, West Virginia.
See current membership details
Health
B
Data as of Q2 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Alloy Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20324 |
| Year Chartered | 1970 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 3.48% |
| Annual Interest Income | $617K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $27.9MM$27MM |
| Loans | Q2 2024vs Q2 2023 | $20.2MM$20.4MM |
| Deposits | Q2 2024vs Q2 2023 | $24.1MM$23.4MM |
| Equity Capital | Q2 2024vs Q2 2023 | $3.9MM$3.6MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $83K$101K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $462K$164K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |