Overview / Commentary
Universal Federal Credit Union is headquartered in Huntington and is the 11th largest credit union in the state of West Virginia. It is also the 1,827th largest credit union in the nation. It was established in 1935 and as of June of 2021, it had grown to 20 employees and 6,527 members at 3 locations. Universal Federal Credit Union has an A health rating.
Field of Membership Restrictions
Universal Federal Credit Union membership is open to those who live, work, attend school, worship, volunteer, or belong to an association in the counties of Cabell or Wayne County West Virginia or Lawrence County, Ohio.
See current membership details
Health
A
Data as of Q2 2021
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. Universal Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 785 |
| Year Chartered | 1935 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 0.88% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $96.8MM$87.8MM |
| Loans | Q2 2021vs Q2 2020 | $26.4MM$24.0MM |
| Deposits | Q2 2021vs Q2 2020 | $84.6MM$75.5MM |
| Equity Capital | Q2 2021vs Q2 2020 | $10.5MM$10.5MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $83.00K$107.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $38.00K$89.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |