Overview / Commentary
Willow Island Federal Credit Union is headquartered in Saint Marys and is the 54th largest credit union in the state of West Virginia. It is also the 3,727th largest credit union in the nation. It was established in 1953 and as of June of 2023, it had grown to 4 employees and 1,651 members at 2 locations. Willow Island Federal Credit Union's CD rates are 3X the national average, but it has a C health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Pleasants County, West Virginia.
See current membership details
Health
C
Data as of Q2 2023
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. Willow Island Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8474 |
| Year Chartered | 1953 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 7.51% |
| Annual Interest Income | $242.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $11.5MM$11.6MM |
| Loans | Q2 2023vs Q2 2022 | $8.7MM$8.1MM |
| Deposits | Q2 2023vs Q2 2022 | $10.6MM$10.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $795.00K$801.00K |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$9.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $57.00K$12.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |