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Preston Federal Credit Union

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Preston Federal Credit Union Rates & Review August 2026

Q: Is a member application needed to join Preston Federal Credit Union?

Yes, to access services at Preston Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Preston Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 28, 2026

Preston Federal Credit Union rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 2.89%, 6-month share certificate rates at 2.75% and 3-month share certificate rates at 2.65%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Preston Federal Credit Union, and you can see how they compare in the Preston Federal Credit Union rate tables below. MonitorBankRates evaluates the financial stability of Preston Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.75%. Database rates last updated and verified on 08/28/2026.

Preston Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Preston Federal Credit Union? Share your experience about Preston Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Preston Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.75%

Excellent Lower than avg

Preston Federal Credit Union
KINGWOOD

434 E MAIN ST
KINGWOOD, WV 26537 1722

https://prestonfcu.com

Preston Federal Credit Union Checking Rates

Product	Rate	APY	View More
Share Draft Checking	0.04%	0.04%
Min Balance $300 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.75%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Preston Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Preston Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Preston Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Preston Federal Credit Union

Website https://prestonfcu.com

Address 434 E MAIN ST, KINGWOOD, WV 26537 1722

Phone 304-329-2699

Fax 304-329-2522

President ROBERT SYPOLT

CEO Cheri Wooten

Full-Time Employees 4

Part-Time Employees 1

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.75%

Return on Assets (ROA)

0.7263%

Return on Equity (ROE)

5.5154%

Non-Performing Loans Ratio (NPL)

0.77%

Total Assets

30,198,668

Total Amount of Shares and Deposits

26,203,300

Total Shares and Deposits < 1 Year

25,503,889

Total Shares and Deposits 1 3 Years

69,961

Total Shares and Deposits > 3 Years

629,450

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

1,443,323

Total Uninsured Shares and Deposits > $250K (F+J)

1,443,323

Total Insured Shares and Deposits > $250K (item 17 less item K)

24,759,977

Total Interest Expense (Sum of items 6 8)

309,135

Share Certificates

884

Number of Accounts for Share Drafts

729

IRA KEOGH Accounts

173

Number of Accounts for Regular Shares

2,450

All other shares

191

Non Member Deposits

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

772,929

Total Liabilities

26,222,026

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Total Reviews

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Frequently Asked Questions About Preston Federal Credit Union

How many branches does Preston Federal Credit Union operate?

Preston Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Preston Federal Credit Union?

Yes, to access services at Preston Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Preston Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Preston Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Preston Federal Credit Union offer online and mobile banking?

Most modern institutions like Preston Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://prestonfcu.com.