Ravenswood Federal Credit Union
Headquarters
Po Box 67
Ravenswood, WV 26164
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2024 Overview
General Credit Union Information
Ravenswood is an NCUA insured institution located in Ravenswood, WV. It was founded in 1959 and has approximately $43.14 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 13321 |
| Date Established | 1959 |
| Assets | $43.14 million |
| Loans | $20.33 million |
| Deposits | $38.78 million |
| Capital | $4.49 million |
Field of Membership Restrictions
Membership is open to those who live, worship or work in Jackson County, West Virginia and persons retired as pensioners or annuitants from the Kaiser Aluminum and Chemical Corporation located in Ravenswood, West Virginia.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Ravenswood
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Ravenswood
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 447490 |
6.836% | 6.750% | 0.88 | $2,822 | $2,076 | Learn More |
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Ravenswood
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Ravenswood branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
RAVENSWOOD is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Ravenswood Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Ravenswood. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Ravenswood | U.S. Average |
|---|---|
| 4.93% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Ravenswood had $210,115 in non-current loans and $18,672 in owned assets. To cover these potential losses it had $4,492,656 in net worth and $152,044 in loans loss reserves. That gives it a Texas Ratio of 4.93%.
Net Worth
| Ravenswood | U.S. Average |
|---|---|
| 10.4% | 13.62% |
Ravenswood FCU has a net worth of 10.4% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Ravenswood
S. David Hetrick
November 21, 2023
I've had a small BUSINESS ACCOUNT w/ RFCU for over 3 years now.
(in business for over 10 years)
Monday morning 11/06/23 the bank charged (STOLE)...
$180 (6 - $30.00 fees) in fees due to weekend (Sunday) banking.
(This is when the bank CLEARS all DEBITS before CREDITS...
Thereby stealing $180 from our account.)
This is an OBVIOUS WAY for RFCU to STEAL $$$ from small businesses like ours.
We had initiated $300 to be transferred to the business account on FRIDAY MORNING 11/03/23 to ensure the fees would not happen, but banks ensure DEBITS BEFORE CREDITS...
-> TO ENSURE MAXIMUM FEES.
"Missy" is the person who ensures the banking fees.
1. Missy never called me back to explain any reasons for the THEFT.
2. Missy returned ZERO $$$ back to our account.
3. Missy HUNG UP ON ME! (I called back)
4. Missy then spoke over me... & CALLED ME RUDE after I said that it was $180 THEFT!!!
5. Missy is an unacceptable representative of RFCU & Rude (Told me not to use my debit card to do business)
We are just a small business just trying to survive & have deal with numerous banks since our inception due to world wide shipping.
This situation was very disconcerting.
We are Looking for a new bank now.
Zero stars.
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