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Overview / Commentary
509-495-8862
P.O. Box 3727
Spokane, WA 99220

Avista Corp. Credit Union is headquartered in Spokane and is the 53rd largest credit union in the state of Washington. It is also the 2,201st largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 5 employees and 3,564 members. Avista Corp. Credit Union's savings rates are 83% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an Avista Corporation or Avista Subsidiary employee. - See Details

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Avista Corp. Credit Union has a relatively 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 Avista Corp. Credit Union had $35,000 in non-current loans and owned real-estate with $7.94 million in equity and loan loss allowances on hand to cover it. This gives Avista Corp. Credit Union a Texas Ratio of 0.44% 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 Avista Corp. Credit Union experienced no significant changes from 0.18% as of December 31, 2012 to 0.44% as of December 31, 2013, resulting in a negative change of 138.42%. This indicates that the balance sheet and financial strength for Avista Corp. Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Avista Corp. Credit Union has increased its total deposits by $1.46 million, resulting in 3.35% 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 Avista Corp. 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. Avista Corp. Credit Union has $52.84 million in assets with $7.94 million in equity, resulting in a capitalization level of 15.03%, which is excellent.

Institution Statistics

Overall
NCUA #68284
Year Chartered1934
Employees5
Primary Regulator
Assets and Liabilities
Assets$52.84 million
Loans$29.91 million
Deposits$44.86 million
Equity Capital$7.87 million
Loan Loss Allowance$72,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$0
Historic Data - December 2012
Assets$50.99 million
Equity Capital$7.46 million
Loan Loss Allowance$117,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.85%
Return on Assets0.78%
Return on Equity5.23%
Interest Income$1.58 million
Rates
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Avista Corp. Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.95%-$80kSavings Account

Avista Corp. Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.20%--1 Year CD
Locations


Avista Corp. Credit Union Locations
Branch Office1411 E Mission AveSpokane, WA 99202-1902