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Overview / Commentary
877-667-2628
520 S College Ave
College Place, WA 99324

Blue Mountain Credit Union is headquartered in College Place and is the 71st largest credit union in the state of Washington. It is also the 2,980th largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 7 employees and 2,876 members. Blue Mountain Credit Union has a B+ health rating.

Field of Membership Restrictions

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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Health

Data for Q1 2014

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. Blue Mountain Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Blue Mountain Credit Union had $106,000 in non-current loans and owned real-estate with $3.73 million in equity and loan loss allowances on hand to cover it. This gives Blue Mountain Credit Union a Texas Ratio of 2.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Blue Mountain Credit Union decreased slightly from 3.23% as of March 31, 2013 to 2.82% as of March 31, 2014, resulting in a positive change of 12.96%.This indicates that the balance sheet and financial strength for Blue Mountain Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Blue Mountain Credit Union has decreased its total deposits by $-563,000, resulting in -2.11% 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 Blue Mountain Credit Union has shown is 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. Blue Mountain Credit Union has $29.67 million in assets with $3.73 million in equity, resulting in a capitalization level of 12.57%, which is excellent.

Institution Statistics

Overall
NCUA #68280
Year Chartered1959
Employees7
Primary Regulator
Assets and Liabilities
Assets$29.67 million
Loans$13.22 million
Deposits$26.14 million
Equity Capital$3.46 million
Loan Loss Allowance$272,000
Unbacked Noncurrent Loans$106,000
Real Estate Owned$0
Historic Data - March 2013
Assets$30.01 million
Equity Capital$3.17 million
Loan Loss Allowance$359,000
Unbacked Noncurrent Loans$106,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.22%
Return on Assets0.63%
Return on Equity5.44%
Interest Income$217,000
Rates

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

Blue Mountain Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Share Account
0.35%--Roth IRA Share Account
0.35%--Club Shares
0.05%--Regular Share Account

Blue Mountain Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Account

Blue Mountain Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$1k-Preferred Share Draft Account
0.01%$300-Select Share Draft Account

Blue Mountain Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$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

Blue Mountain Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-5 Year IRA CD
0.50%$1k-4 Year IRA CD
0.40%$1k-3 Year IRA CD
0.20%$1k-2 Year IRA CD
0.15%$1k-1 Year IRA CD
0.10%$1k-6 Month IRA CD
Locations


Blue Mountain Credit Union Locations
Branch Office520 S College AveCollege Place, WA 99324