Overview / Commentary
434 E Main St
Kingwood, WV 26537-1722

Preston Federal Credit Union is headquartered in KINGWOOD and is the 31st largest credit union in the state of West Virginia. It is also the 3,045th largest credit union in the nation. It was established in 1978 and as of September of 2018, it had grown to 4 employees and 1,588 members at 1 location. Preston Federal Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Preston County Board of Education, Preston County Commission, Bruceton Mills Grocery, City of Kingwood, Preston Machine, Tucker County Board of Education, Valley Fuels, Inc, Preston Memorial Hospital, Total Family Care, members and employees of Wesley United Methodist Church, Kingwood, West Virginia.
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Additional 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. Preston Federal Credit Union has a low asset base.

Health Grade Components

NCUA #23015
Year Chartered1978
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD4.9%
Annual Interest Income$483.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$26.5MM$26.1MM
LoansQ3 2018vs Q3 2017$7.8MM$7.4MM
DepositsQ3 2018vs Q3 2017$23.2MM$22.8MM
Equity CapitalQ3 2018vs Q3 2017$3.3MM$3.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$51.00K$15.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$7.00K$14.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Preston Federal Credit Union Savings Account Rates

1.20%*$10k*-Traditional IRA
OTHER TIERS: 1.00% Up to $10k
1.20%*$10k*-Roth IRA
OTHER TIERS: 1.00% Up to $10k
1.20%*$10k*-Educational IRA
OTHER TIERS: 1.00% Up to $10k
0.60%*$50k*-Supersaver Account
OTHER TIERS: 0.40% $2.5k - $10k | 0.45% $10k - $25k | 0.50% $25k - $50k
0.25%--Christmas Club
0.25%--Vacation Club
0.25%--Back to School Club
0.20%--Regular Savings

Preston Federal Credit Union Checking Account Rates

0.25%*$2.5k*-Share Draft Checking
OTHER TIERS: 0.10% $300 - $2.5k

Preston Federal Credit Union CD Rates

2.02%$500-48 Month CD
1.51%$500-36 Month CD
1.00%$500-21 Month CD
0.50%$500-12 Month CD
0.30%$500-6 Month CD

Preston Federal Credit Union IRA Rates

2.02%$500-48 Month IRA
1.51%$500-36 Month IRA
1.00%$500-21 Month IRA
0.50%$500-12 Month IRA
0.30%$500-6 Month IRA

Preston Federal Credit Union Locations
Branch Office434 E MAIN STKINGWOOD, WV 26537-1722

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