Amicus
Amicus is headquartered in Spokane and is the 85th largest credit union in the state of Washington. It is also the 4,300th largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 4 employees and 1,082 members. Amicus' savings rates are 44% higher than the national average, and it has a C+ health rating.
Field of Membership Restrictions
Who is eligible? * Catholics and Family Members of Catholics within the Diocese of Spokane * Employees and Family Members of Employees working for one of the many Catholic Organizations in Spokane * Employees and Family Members of Employees working for Holy Family, Sacred Heart, Mt. Carmel and St Joseph’s Hospitals * Employees and Family Members of Employees working at Franklin Park Mall (not including Rite Aid) - See Details
Data for Q4 2013
Institution Health
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, 2013 Amicus had $38,000 in non-current loans and owned real-estate with $1.3 million in equity and loan loss allowances on hand to cover it. This gives Amicus a Texas Ratio of 2.93% 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 Amicus held steady from 0.72% as of December 31, 2012 to 2.93% as of December 31, 2013, resulting in a negative change of 304.97%. This indicates that the balance sheet and financial strength for Amicus has held steady in recent periods.
Deposit Growth
In the past year, Amicus has decreased its total deposits by $-544,000, resulting in -5.11% 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 Amicus has shown is below 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. Amicus has $11.41 million in assets with $1.3 million in equity, resulting in a capitalization level of 11.37%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 24729 |
| Year Chartered | 1964 |
| Employees | 4 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $11.41 million |
| Loans | $7.26 million |
| Deposits | $10.09 million |
| Equity Capital | $1.26 million |
| Loan Loss Allowance | $35,000 |
| Unbacked Noncurrent Loans | $38,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $12.02 million |
| Equity Capital | $1.21 million |
| Loan Loss Allowance | $32,000 |
| Unbacked Noncurrent Loans | $38,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.32% |
| Return on Assets | 0.43% |
| Return on Equity | 3.88% |
| Interest Income | $450,000 |
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Amicus Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $1k | - | Traditional IRA Shares | |
| 0.75% | $1k | - | Roth IRA Shares | |
| 0.75% | $1k | - | Educational IRA Shares | |
| 0.10% | $20 | - | Primary Shares | |
| 0.10% | - | - | Christmas Club | |
| 0.10% | $20 | - | Sub Shares |
Amicus Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $50k | - | Money Market Account |
Amicus Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $300 | - | Dividend Checking |
Amicus CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $2,500 | - | 36 Month Term CD | |
| 0.50% | $2,500 | - | 24 Month Term CD | |
| 0.25% | $2,500 | - | 6 Month Term CD | |
| 0.25% | $2,500 | - | 12 Month Term CD | |
| 0.25% | $2,500 | - | 48 Month Term CD | |
| 0.25% | $2,500 | - | 60 Month Term CD |
Amicus IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $2,500 | - | 36 Month Term IRA (Traditional,Roth,CESA) | |
| 0.50% | $2,500 | - | 24 Month Term IRA (Traditional,Roth,CESA) | |
| 0.25% | $2,500 | - | 6 Month Term IRA (Traditional,Roth,CESA) | |
| 0.25% | $2,500 | - | 12 Month Term IRA (Traditional,Roth,CESA) | |
| 0.25% | $2,500 | - | 48 Month Term IRA (Traditional,Roth,CESA) | |
| 0.25% | $2,500 | - | 60 Month Term IRA (Traditional,Roth,CESA) |
| Amicus Locations | ||
|---|---|---|
| Branch Office | 6103 N Astor St | Spokane, WA 99208 |