Blue Mountain Credit Union is headquartered in College Place and is the 70th largest credit union in the state of Washington. It is also the 2,921st largest credit union in the nation. It was established in 1959 and as of September of 2013, it had grown to 7 employees and 3,341 members. Blue Mountain Credit Union has a A+ health rating.
Must be an employee of the City of College Place or other select companies. Also open to Seventh-day Adventists living in the state of Washington or the Upper Columbia Conference. - See Details
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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 September 30, 2013 Blue Mountain Credit Union had $206,000 in non-current loans and owned real-estate with $3.69 million in equity and loan loss allowances on hand to cover it. This gives Blue Mountain Credit Union a Texas Ratio of 5.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Blue Mountain Credit Union decreased dramatically from 15.78% as of September 30, 2012 to 5.58% as of September 30, 2013, resulting in a positive change of 64.65%.This indicates that the balance sheet and financial strength for Blue Mountain Credit Union has improved dramatically in recent periods.
In the past year, Blue Mountain Credit Union has increased its total deposits by $1.82 million, resulting in 7.16% 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 Blue Mountain 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. Blue Mountain Credit Union has $30.62 million in assets with $3.69 million in equity, resulting in a capitalization level of 12.06%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$3.36 million|
|Loan Loss Allowance||$330,000|
|Unbacked Noncurrent Loans||$206,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$2.86 million|
|Loan Loss Allowance||$666,000|
|Unbacked Noncurrent Loans||$206,000|
|Real Estate Owned||$215,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.34%|
|Return on Assets||1.85%|
|Return on Equity||16.82%|
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|0.35%||-||-||IRA Share Account|
|0.35%||-||-||Roth IRA Share Account|
|0.05%||-||-||Regular Share Account|
|0.25%||$50k||-||Money Market Account|
|0.03%||$1k||-||Preferred Share Draft Account|
|0.01%||$300||-||Select Share Draft Account|
|0.70%||$1k||-||5 Year CD|
|0.50%||$1k||-||4 Year CD|
|0.40%||$1k||-||3 Year CD|
|0.20%||$1k||-||2 Year CD|
|0.15%||$1k||-||1 Year CD|
|0.10%||$1k||-||6 Month CD|
|0.70%||$1k||-||5 Year IRA CD|
|0.70%||$1k||-||5 Year Roth IRA CD|
|0.70%||$1k||-||5 Year Education IRA CD|
|0.50%||$1k||-||4 Year IRA CD|
|0.50%||$1k||-||4 Year Roth IRA CD|
|0.50%||$1k||-||4 Year Education IRA CD|
|0.40%||$1k||-||3 Year IRA CD|
|0.40%||$1k||-||3 Year Roth IRA CD|
|0.40%||$1k||-||3 Year Education IRA CD|
|0.20%||$1k||-||2 Year IRA CD|
|0.20%||$1k||-||2 Year Roth IRA CD|
|0.20%||$1k||-||2 Year Education IRA CD|
|0.15%||$1k||-||1 Year IRA CD|
|0.15%||$1k||-||1 Year Roth IRA CD|
|0.15%||$1k||-||1 Year Education IRA CD|
|0.10%||$1k||-||6 Month IRA CD|
|0.10%||$1k||-||6 Month Roth IRA CD|
|0.10%||$1k||-||6 Month Education IRA CD|
|Blue Mountain Credit Union Locations|
|Branch Office||520 S College Ave||College Place, WA 99324|