Overview / Commentary
2200 WASHINGTON ST E
CHARLESTON, WV 25311-2219

The State Credit Union is headquartered in CHARLESTON and is the 14th largest credit union in the state of West Virginia. It is also the 2,001st largest credit union in the nation. It was established in 1988 and as of December of 2018, it had grown to 16 employees and 8,504 members at 1 location. The State Credit Union's CD rates are 33% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the state of West Virginia, students of West Virginia public universities and colleges, employees of Barbour County Commission and over 80 member groups.
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Health
B+
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. The State Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #67222
Year Chartered1988
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD4.47%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$68.2MM$67.5MM
LoansQ4 2018vs Q4 2017$38.4MM$36.6MM
DepositsQ4 2018vs Q4 2017$57.1MM$56.9MM
Equity CapitalQ4 2018vs Q4 2017$10.5MM$10.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$464.00K$463.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$310.00K$201.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$44.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The State Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$20k*-Regular Share Savings
OTHER TIERS: 0.40% $100 - $2.5k | 0.45% $2.5k - $5k | 0.50% $5k - $10k | 0.55% $10k - $20k
0.50%--Christmas Savings
0.10%--Vacation Savings
0.10%--Investor Savings

The State Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1.5k-Share Checking

The State Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.96%$500-36 Month CD
1.49%$500-24 Month CD
1.20%$500-12 Month CD
0.75%$500-6 Month CD
0.45%$500-91 Day CD

The State Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.49%$500-24 Month IRA
1.20%$500-12 Month IRA
Locations


The State Credit Union Locations
Branch Office2200 WASHINGTON ST ECHARLESTON, WV 25311-2219

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