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Overview / Commentary
800-694-8329
702 Jefferson St
Vancouver, WA 98660

Cascade Forest Products Credit Union is headquartered in vancouver and is the 91st largest credit union in the state of Washington. It is also the 4,364th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 6 employees and 1,923 members. Cascade Forest Products Credit Union has a B health rating.

Field of Membership Restrictions

Cascade Forest Products Credit Union was established in 1953 and grants membership to employees of OfficeMax, Inc, Boise Cascade, L.L.C., Boise Cascade Corporation, BMC West Corporation, United Stationers, Reliable Corporation, Associated Stationers Inc, and their affiliates, to name a few. As of July 2002 we expanded membership eligibility to include “All those who live, work, or worship” in designated communities in the State of Washington (see credit union for designated community list). In addition we also serve several small select employee group recently approved for membership. - 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. Cascade Forest Products 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 Cascade Forest Products Credit Union had $110,000 in non-current loans and owned real-estate with $1.23 million in equity and loan loss allowances on hand to cover it. This gives Cascade Forest Products Credit Union a Texas Ratio of 8.98% 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 Forest Products Credit Union experienced no significant changes from 8.71% as of March 31, 2013 to 8.98% as of March 31, 2014, resulting in a negative change of 3.09%. This indicates that the balance sheet and financial strength for Cascade Forest Products Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Cascade Forest Products Credit Union has increased its total deposits by $223,000, resulting in 2.3% 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 Forest Products Credit Union has shown is above 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 Forest Products Credit Union has $11.02 million in assets with $1.23 million in equity, resulting in a capitalization level of 11.12%, which is excellent.

Institution Statistics

Overall
NCUA #68268
Year Chartered1953
Employees6
Primary Regulator
Assets and Liabilities
Assets$11.02 million
Loans$8.50 million
Deposits$9.94 million
Equity Capital$1.04 million
Loan Loss Allowance$181,000
Unbacked Noncurrent Loans$110,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.67 million
Equity Capital$882,000
Loan Loss Allowance$266,000
Unbacked Noncurrent Loans$110,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.78%
Return on Assets3.27%
Return on Equity34.48%
Interest Income$161,000
Rates
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Cascade Forest Products Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Youth Savings Account
0.25%$100-IRA Savings
0.25%--Holiday Club Account
0.25%--Vacation Club Account
0.25%$100-Roth IRA Savings
0.25%$100-Education IRA Savings
0.10%$25-Regular Share Account

Cascade Forest Products Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Tree Account

Cascade Forest Products Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-60 Month Share Certificate
1.00%$1k-24 Month Share Certificate
0.75%$1k-48 Month Share Certificate
0.60%$1k-36 Month Share Certificate
0.30%$1k-18 Month Share Certificate
0.25%$1k-12 Month Share Certificate
0.25%$500-12 Month Youth Certificate
0.20%$1k-9 Month Share Certificate
0.20%$500-9 Month Youth Certificate
0.15%$1k-6 Month Share Certificate
0.10%$1k-3 Month Share Certificate

Cascade Forest Products Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-60 Month IRA Share Certificate
1.00%$1k-24 Month IRA Share Certificate
0.30%$1k-18 Month IRA Share Certificate
0.25%$1k-12 Month IRA Share Certificate
0.10%$1k-3 Month IRA Share Certificate
Locations


Cascade Forest Products Credit Union Locations
Branch Office702 jefferson stvancouver, WA 98660