Average User Rating:
1 star rating based on 1 review.

American Lake Credit Union

9900 Veterans Drive SW
Tacoma, WA 98493
(253) 584-0079
www.americanlake.org

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American Lake Credit Union is headquartered in Tacoma and is the 58^th largest credit union in the state of Washington. It is also the 2,314^st largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 14 employees and 5,004 members. American Lake Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

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See Rates for: Checking | Savings | CD | IRA

American Lake Credit Union Checking Account Rates

Apy	Min	Max	Product
0.50%	$5k	-	Money Plus Drafts Account
0.25%	$1k	-	Drafts Account

American Lake Credit Union Savings Account Rates

Apy	Min	Max	Product
2.00%	-	$5k	Holiday
1.00%	$100	-	Veterans Family Fund
0.80%	-	-	IRAs
0.60%	$5k	-	Money Plus Shares
0.15%	-	-	Shares

American Lake Credit Union CD Rates

Apy	Min	Max	Product
1.40%	$10k	-	5 Year Certificate HB
1.30%	$500	-	5 Year Certificate
1.00%	$10k	-	3 Year Certificate HB
0.90%	$500	-	3 Year Certificate
0.75%	$100k	-	1 Year Jumbo Certificate
0.65%	$50k	$100k	1 Year Mini Jumbo Certificate
0.60%	$10k	-	2 Year Certificate HB
0.50%	$500	$10k	2 Year Certificate
0.40%	$10k	-	1 Year Certificate HB
0.30%	$500	-	1 Year Certificate
0.30%	$500	-	1 Year Add-on Certificate
0.25%	$500	-	6 Month Certificate
0.20%	$500	-	3 Month Certificate

American Lake Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$10k	-	5 Year IRA Certificate
0.90%	$10k	-	30 Month IRA Certificate
0.70%	$10k	-	18 Month IRA Certificate

Rates updated: 5/21/2012

Data for Q4 2011

Institution Statistics

AMERICAN LAKE
NCUA #	68371
BankRate Report	View
Year Chartered	1948
Employees	14
Primary Regulator
Assets and Liabilities
Assets	$46.89 million
Loans	$27.08 million
Deposits	$41.00 million
Equity Capital	$5.31 million
Loan Loss Allowance	$238,000
Unbacked Noncurrent Loans	$276,000
Historic Data - December 2010
Assets	$46.14 million
Equity Capital	$4.99 million
Loan Loss Allowance	$347,000
Unbacked Noncurrent Loans	$184,000
Profit Margin - Quarterly
Net Interest Margin	5.27%
Return on Assets	0.85%
Return on Equity	7.54%
Interest Income	$1.81 million
Non-Interest Income	$650,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 American Lake Credit Union had $276,000 in non-current loans and owned real-estate with $5.55 million in equity and loan loss allowances on hand to cover it. This gives American Lake Credit Union a Texas Ratio of 4.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for American Lake Credit Union held steady from 3.45% as of December 31, 2010 to 4.98% as of December 31, 2011, resulting in a negative change of 44.24%. This indicates that the balance sheet and financial strength for American Lake Credit Union has held steady in recent periods.
Deposit Growth
In the past year, American Lake Credit Union has increased its total deposits by $253,000, resulting in 0.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American Lake Credit Union has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American Lake Credit Union has $46.89 million in assets with $5.55 million in equity, resulting in a capitalization level of 11.83%, which is above average.

DO NOT USE THIS CREDIT UNION
1 stars

- Ron - Saturday, November 19, 2011 - 6:47 PM

STAY AWAY FROM AMERICAN LAKE CREDIT UNION AT AMERICAN LAKE V.A.

I OPENED A SAVINGS ACCOUNT THERE NOT A CHECKING ACCOUNT, MONTHS LATER I RECIEVED A LETTER FROM THEM ASKING ME IF I CLOSED MY ACCOUNT I TOOK THE LETTER IN TO THEM AND WAS TOLD THAT THEY CLOSED MY ACCOUNT BECAUSE IT WAS DORMENT ( REMEMBER ITS A SAVINGS ACCOUNT) AND THEY KEPT MY MONEY -THIS CREDIT UNION DOES NOT CARE IF YOUR A VETERN ALL THEY WANT IS YOUR MONEY ( THE AMOUNT WAS FIVE DOLLARS IF THEY WILL TAKE A VETERNS FIVE DOLLARS WHAT WILL THEY TAKE FROM YOU IF YOU LET THEM. THE INFO BELOW IS TRUE BECAUSE WHEN THEY TAKE YOUR MONEY AND DON NOT HAVE TO GIVE IT BACK IT MAKES THEM LOOK BETTER AND THE ARE NOT 5 STAR !!

Ronald Brown.

'

American Lake Credit Union is headquartered in Tacoma and is the 59th largest credit union in the state of Washington. It is also the 2,316st largest credit union in the nation. It was established in 1948 and as of June of 2011, it had grown to 15 employees and 5,624 members. American Lake Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.