American Lake Credit Union is headquartered in Lakewood and is the 57th largest credit union in the state of Washington. It is also the 2,294th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 14 employees and 5,061 members. American Lake Credit Union's savings rates are 4X the national average, and it has a B+ health rating.
Must be living in a school district in the state of Washington or be a VA Medical Center, Camp Murray, Washington State Army or Air National Guard employee or retiree. - See Details
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 !!
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.
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, 2013 American Lake Credit Union had $293,000 in non-current loans and owned real-estate with $5.93 million in equity and loan loss allowances on hand to cover it. This gives American Lake Credit Union a Texas Ratio of 4.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for American Lake Credit Union held steady from 4.62% as of December 31, 2012 to 4.94% as of December 31, 2013, resulting in a negative change of 6.94%. This indicates that the balance sheet and financial strength for American Lake Credit Union has held steady in recent periods.
In the past year, American Lake Credit Union has increased its total deposits by $1.65 million, resulting in 4.06% 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 excellent.
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 $48.6 million in assets with $5.93 million in equity, resulting in a capitalization level of 12.20%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$5.52 million|
|Loan Loss Allowance||$407,000|
|Unbacked Noncurrent Loans||$271,000|
|Real Estate Owned||$22,000|
|Historic Data - December 2012|
|Equity Capital||$5.47 million|
|Loan Loss Allowance||$353,000|
|Unbacked Noncurrent Loans||$271,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.85%|
|Return on Assets||0.11%|
|Return on Equity||0.96%|
|Interest Income||$1.66 million|
Always verify rates and promotions with the bank or credit union. We are not American Lake Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|1.00%||$100||-||Veterans Family Fund|
|0.25%||$5k||-||Money Plus Shares|
|0.25%||$5k||-||Money Plus Drafts Account|
|1.20%||$10k||-||5 Year Certificate HB|
|1.10%||$500||-||5 Year Certificate|
|0.70%||$10k||-||3 Year Certificate HB|
|0.60%||$100k||-||1 Year Jumbo Certificate|
|0.60%||$500||-||3 Year Certificate|
|0.50%||$50k||$100k||1 Year Mini Jumbo Certificate|
|0.50%||$10k||-||2 Year Certificate HB|
|0.40%||$500||$10k||2 Year Certificate|
|0.30%||$10k||-||1 Year Certificate HB|
|0.20%||$500||-||3 Month Certificate|
|0.20%||$500||-||6 Month Certificate|
|0.20%||$500||-||1 Year Certificate|
|0.20%||$100||-||1 Year Add-on Certificate|
|1.60%||$10k||-||5 Year IRA Certificate|
|1.00%||$10k||-||30 Month IRA Certificate|
|0.80%||$10k||-||18 Month IRA Certificate|
|American Lake Credit Union Locations|
|Branch Office||9900 Veterans Dr SW||Tacoma, WA 98493-0001|
|Branch Office||5146 Camp Murray||Tacoma, WA 98430-5146|