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Overview / Commentary
253-584-0079
P.O. Box 98979
Lakewood, WA 98496

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.

Field of Membership Restrictions

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

Reviews (1)

DO NOT USE THIS CREDIT UNION

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.

 

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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.


 



Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. American Lake Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for American Lake Credit Union experienced no significant changes 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 had no significant changes in recent periods.

Deposit Growth

GRADE:
A

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.

Capitalization

GRADE:
A+

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.

Institution Statistics

Overall
NCUA #68371
Year Chartered1948
Employees14
Primary Regulator
Assets and Liabilities
Assets$48.60 million
Loans$29.21 million
Deposits$42.38 million
Equity Capital$5.52 million
Loan Loss Allowance$407,000
Unbacked Noncurrent Loans$271,000
Real Estate Owned$22,000
Historic Data - December 2012
Assets$46.78 million
Equity Capital$5.47 million
Loan Loss Allowance$353,000
Unbacked Noncurrent Loans$271,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.85%
Return on Assets0.11%
Return on Equity0.96%
Interest Income$1.66 million
Rates
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American Lake Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$5kHoliday
1.00%$100-Veterans Family Fund
0.25%$5k-Money Plus Shares
0.15%--IRAs
0.05%--Shares

American Lake Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$5k-Money Plus Drafts Account
0.05%$1k-Drafts Account

American Lake Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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$100k1 Year Mini Jumbo Certificate
0.50%$10k-2 Year Certificate HB
0.40%$500$10k2 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

American Lake Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$10k-5 Year IRA Certificate
1.00%$10k-30 Month IRA Certificate
0.80%$10k-18 Month IRA Certificate
Locations


American Lake Credit Union Locations
Branch Office9900 Veterans Dr SWTacoma, WA 98493-0001
Branch Office5146 Camp MurrayTacoma, WA 98430-5146