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Overview / Commentary
18020 80th Ave S
Kent, WA 98032

Cascade Credit Union is headquartered in Kent and is the 27th largest credit union in the state of Washington. It is also the 771st largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 24 employees and 9,355 members. Cascade Credit Union's savings rates are 8X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must work in Advanced Fire Protection or several other companies. - See Details

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Health

Data for Q4 2013

Institution Health

B+

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 Cascade Credit Union had $1.22 million in non-current loans and owned real-estate with $28.98 million in equity and loan loss allowances on hand to cover it. This gives Cascade Credit Union a Texas Ratio of 4.21% 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 Cascade Credit Union experienced no significant changes from 4.12% as of December 31, 2012 to 4.21% as of December 31, 2013, resulting in a negative change of 2.28%. This indicates that the balance sheet and financial strength for Cascade Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Cascade Credit Union has decreased its total deposits by -$2.94 million, resulting in -1.28% 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 Cascade 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. Cascade Credit Union has $255.47 million in assets with $28.98 million in equity, resulting in a capitalization level of 11.34%, which is excellent.

Institution Statistics

Overall
NCUA #7748
Year Chartered1952
Employees24
Primary Regulator
Assets and Liabilities
Assets$255.47 million
Loans$71.75 million
Deposits$226.37 million
Equity Capital$27.56 million
Loan Loss Allowance$1.42 million
Unbacked Noncurrent Loans$956,000
Real Estate Owned$265,000
Historic Data - December 2012
Assets$257.78 million
Equity Capital$26.84 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$956,000
Real Estate Owned$79,000
Profit Margin - Quarterly
Net Interest Margin4.12%
Return on Assets0.6%
Return on Equity5.55%
Interest Income$5.25 million
Rates
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Cascade Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
4.06%-$500Rocky Raccoon
0.25%$50-Shares

Cascade Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market

Cascade Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$60k-60 Month CD
1.25%$500$20k20 Month Member Appreciation CD
1.00%$1k-36 Month CD
1.00%$500$20k10 Month Member Appreciation CD
0.75%$1k-24 Month CD
0.60%$1k-12 Month CD
0.50%$5k-6 Month CD

Cascade Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$60k-60 Month IRA (Traditional,Roth)
1.25%$500$20k20 Month Member Appreciation IRA (Traditional,Roth)
1.00%$500$20k10 Month Member Appreciation IRA (Traditional,Roth)
1.00%$1k-36 Month IRA (Traditional,Roth)
0.75%$1k-24 Month IRA (Traditional,Roth)
0.60%$1k-12 Month IRA (Traditional,Roth)
Locations


Cascade Credit Union Locations
Branch Office4035 23rd Ave WSeattle, WA 98199
Branch Office18020 80th Ave SKent, WA 98032
Branch Office12916 4th Ave WEverett, WA 98204
Branch Office1706 D St Ste CVancouver, WA 98663-3457