Romney Federal Credit Union
Headquarters
62 West Main Street
Romney, WV 26757
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2024 Overview
General Credit Union Information
Romney is an NCUA insured institution located in Romney, WV. It was founded in 1955 and has approximately $12.49 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 10301 |
| Date Established | 1955 |
| Assets | $12.49 million |
| Loans | $11.05 million |
| Deposits | $11.33 million |
| Capital | $1.17 million |
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.25% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.21% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.21% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.36% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.36% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.51% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.51% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.20% | $2,500 | $3,499 | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Romney
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,600 | $2,049 | Learn More |
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3029 |
7.008% | 6.875% | 0.88 | $4,492 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $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 |
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More Info |
Note to Romney
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Branches
Below are Romney 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
ROMNEY 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
Romney Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Romney. 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
| Romney | U.S. Average |
|---|---|
| 18.78% | 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, Romney had $229,006 in non-current loans and $0 in owned assets. To cover these potential losses it had $1,167,123 in net worth and $52,611 in loans loss reserves. That gives it a Texas Ratio of 18.78%.
Net Worth
| Romney | U.S. Average |
|---|---|
| 9.34% | 13.62% |
Romney FCU has a net worth of 9.34% 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 Romney
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