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West Virginia State Convention Credit Union
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West Virginia State Convention Credit Union Share
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Overview Share
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West Virginia State Convention Credit Union is a federally insured state credit union based in Hilltop, West Virginia. It has been opened since 1984, for 38 years.

With around $360,000 in assets, West Virginia State Convention Credit Union is considered to be a small credit union.

About Share
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Address Po Box 253
Hilltop, West Virginia 25855
Phone (304) 469-3737
Fax (304) 469-3333
CEO Frances Jackson
President of the Board Herman James
Services Offered
Score Card Share
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38 years
Years in business
Opened in 1984
Adequately Capitalized
Net worth classification
Source: NCUA
178 members
Membership type: State chartered natural person credit union
Below average number of members
71:1
Credit union member to staff ratio
71 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$355,987
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in West Virginia
Average number of branches
5.00%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 2 in West Virginia
Average number of branches
West Virginia State Convention Credit Union Branch Locations
Members Share
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178 members
Membership type: State chartered natural person credit union
Below average number of members

With 178 members, the West Virginia State Convention Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 98% of credit unions.

Fees Share
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$8
Average fee per member
The average fee per member at the West Virginia State Convention Credit Union is $8, which is very low compared to most credit unions. This rate is lower than 84% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the West Virginia State Convention Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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71:1
Credit union member to staff ratio
71 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 5 part-time

West Virginia State Convention Credit Union has 0 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. West Virginia State Convention Credit Union has around 71 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$355,987
Total assets
Below average
Net worth Share
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Adequately Capitalized
Net worth classification
Source: NCUA
An adequately capitalized credit union has a net worth ratio between 6% and 7% and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
6.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$1,773
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 98% of credit unions.

West Virginia State Convention Credit Union holds a total of $60,000 in loans and leases, which is about $1,773 per member on average.

Savings interest rate Share
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5.00%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. West Virginia State Convention Credit Union pays 5.00%.

Loan rates Share
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8.10%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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6.00%
Used car loan rate
Compared to 5.2% nationally

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