Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
509-483-3221
6103 N Astor St
Spokane, WA 99208

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

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Amicus 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 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

GRADE:
C+

The Texas Ratio for Amicus experienced no significant changes 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 had no significant changes in recent periods.

Deposit Growth

GRADE:
D

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

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. 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 Chartered1964
Employees4
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 Margin5.32%
Return on Assets0.43%
Return on Equity3.88%
Interest Income$450,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Amicus, we are a rate comparison website and can not provide official rates or promotions.

Amicus Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Account

Amicus Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$300-Dividend Checking

Amicus CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$2,500-48 Month Term CD
1.00%$2,500-60 Month Term CD
0.95%$2,500-36 Month Term CD
0.75%$2,500-24 Month Term CD
0.35%$2,500-12 Month Term CD
0.25%$2,500-6 Month Term CD

Amicus IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$2,500-48 Month Term IRA (Traditional,Roth,CESA)
1.00%$2,500-60 Month Term IRA (Traditional,Roth,CESA)
0.95%$2,500-36 Month Term IRA (Traditional,Roth,CESA)
0.75%$2,500-24 Month Term IRA (Traditional,Roth,CESA)
0.35%$2,500-12 Month Term IRA (Traditional,Roth,CESA)
0.25%$2,500-6 Month Term IRA (Traditional,Roth,CESA)
Locations


Amicus Locations
Branch Office6103 N Astor StSpokane, WA 99208