Credit union
Bayer Heritage Federal Credit Union
New Martinsvill, West Virginia, Wetzel County, WV
$801M in total assets and 45,056 members, the 568th largest of 4,298 US credit unions and 1st of 74 headquartered in West Virginia.
- NCUA charter
- 11836
- Charter
- Federal
- Chartered
- 1957
- NCUA insured since
- 1971
- Field of membership
- Multiple common bond - primarily chemical
- Low-income designation
- Yes
- Website
- https://www.bayerhfcu.com
At a glance
Compared with 10 federally insured credit unions in West Virginia with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $801M | 98% | $173M | |
| Loans | $636M | 98% | $115M | |
| Deposits (shares) | $722M | 98% | $151M | |
| Members | 45,056 | 90% | 12,306 | |
| Return on assets | 0.82% | 40% | 0.94% | |
| Net interest income to assets | 3.90% | 70% | 3.55% | |
| Efficiency ratio | 65.1% | 30% | 73.7% | |
| Net worth ratio | 9.90% | 2% | 12.25% | |
| Loans to shares | 88% | 90% | 74% | |
| Cost of deposits | 1.99% | 98% | 1.27% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 6.9% a year over 10 years and 5.7% a year over the last 5, including 3 mergers in the last 10 years. Membership grew 4.6% a year over 5 years, to 45,056.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Sep 2023 | Valley Board Federal Credit Union Credit union, Halltown, WV | $52K |
| Nov 2021 | Telbec Federal Credit Union Credit union, Beckley, WV | $13M |
| Dec 2020 | Whetelco Federal Credit Union Credit union, Wheeling, WV | $3M |
| Aug 2013 | ZANE Trace Federal Credit Union Credit union, Zanesville, OH | $17M |
| Sep 2012 | South Berkeley Federal Credit Union Credit union, Martinsburg, WV | $2M |
| Jul 2012 | RMH Federal Credit Union Credit union, Glen Dale, WV | $1M |
Where they operate
11 branches in 8 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Berkeley County, SC | 3 | 5.4% | 6 of 26 |
| Wetzel County, WV | 2 | 18.2% | 2 of 7 |
| Muskingum County, OH | 1 | 3.3% | 6 of 13 |
| Allegheny County, PA | 1 | 0.2% | 36 of 79 |
| Harris County, TX | 1 | 0.1% | 88 of 179 |
| Berkeley County, WV | 1 | 2.9% | 12 of 16 |
| Marshall County, WV | 1 | 9.1% | 3 of 9 |
| Raleigh County, WV | 1 | 2.8% | 10 of 19 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 9 | |
| 2017 | 9 | 0 |
| 2018 | 10 | +1 |
| 2019 | 10 | 0 |
| 2020 | 11 | +1 |
| 2021 | 12 | +1 |
| 2022 | 12 | 0 |
| 2023 | 12 | 0 |
| 2024 | 11 | −1 |
| 2025 | 11 | 0 |
| Jun 2026 | 11 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.68% | 0.92% |
| Net worth ratio | 9.90% | 12.25% |
| Loans to shares | 88% | 74% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in West Virginia
Most branches in Berkeley County, SC
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.