Overview / Commentary
Members Choice WV Federal Credit Union is headquartered in Charleston and is the 13th largest credit union in the state of West Virginia. It is also the 1,873rd largest credit union in the nation. It was established in 1942 and as of December of 2019, it had grown to 15 employees and 6,965 members at 1 location. Members Choice WV Federal Credit Union's CD rates are 40% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer or attend school in Kanawha County, West Virginia.
See current membership details
Health
B+
Data as of Q4 2019
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. Members Choice WV Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4969 |
| Year Chartered | 1942 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 2.71% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $78.3MM$79.9MM |
| Loans | Q4 2019vs Q4 2018 | $30.7MM$28.7MM |
| Deposits | Q4 2019vs Q4 2018 | $61.3MM$63.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $16.7MM$16.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $162.00K$100.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $301.00K$466.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |