Overview / Commentary
CAPE Federal Credit Union is headquartered in Clarksburg and is the 44th largest credit union in the state of West Virginia. It is also the 3,405th largest credit union in the nation. It was established in 1947 and as of June of 2024, it had grown to 3 employees and 1,234 members at 1 location. CAPE Federal Credit Union's CD rates are 3X the national average, but it has a C health rating.
Field of Membership Restrictions
CAPE Federal Credit Union welcomes those who live, work, go to school or worship in Harrison County, West Virginia. Eligibility also extends to employees of the credit union, immediate family or household members, and and employees of SEG Opportunity.
See current membership details
Health
C
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. CAPE Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24841 |
| Year Chartered | 1947 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.22% |
| Return on Equity - YTD | -2.83% |
| Annual Interest Income | $272K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $16.2MM$16.9MM |
| Loans | Q2 2024vs Q2 2023 | $6.7MM$7.2MM |
| Deposits | Q2 2024vs Q2 2023 | $14.9MM$15.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $1.3MM$1.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $83K$74K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $180K$140K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |