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Overview / Commentary
901 Triple Crown Way
Yakima, WA 98908

Central Washington Credit Union is headquartered in Yakima and is the 94th largest credit union in the state of Washington. It is also the 4,531st largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 3 employees and 1,266 members. Central Washington Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Yakima County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Central Washington Credit Union has a very low asset base.

Texas Ratio


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 Central Washington Credit Union had $8,000 in non-current loans and owned real-estate with $816,000 in equity and loan loss allowances on hand to cover it. This gives Central Washington Credit Union a Texas Ratio of 0.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Central Washington Credit Union decreased dramatically from 4.95% as of March 31, 2013 to 0.98% as of March 31, 2014, resulting in a positive change of 80.19%.This indicates that the balance sheet and financial strength for Central Washington Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Central Washington Credit Union has decreased its total deposits by $-485,000, resulting in -5.28% 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 Central Washington Credit Union has shown is below average.



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. Central Washington Credit Union has $9.55 million in assets with $816,000 in equity, resulting in a capitalization level of 8.55%, which is average.

Institution Statistics

NCUA #6838
Year Chartered1950
Primary Regulator
Assets and Liabilities
Assets$9.55 million
Loans$5.20 million
Deposits$8.70 million
Equity Capital$805,000
Loan Loss Allowance$11,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.22 million
Equity Capital$955,000
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.22%
Return on Assets-1.13%
Return on Equity-13.42%
Interest Income$66,000
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Central Washington Credit Union Savings Account Rates

0.20%--IRA Share Account
0.20%--Roth IRA Share Account
0.20%--Education IRA Share Account
0.10%$50-Share Savings Account

Central Washington Credit Union Money Market Rates

0.15%--Insured Money Market Account

Central Washington Credit Union CD Rates

0.30%--12 Month Share Certificate
0.30%--12 Month Jumbo Share Certificate
0.25%--6 Month Share Certificate

Central Washington Credit Union IRA Rates

0.30%--12 Month IRA Certificate
0.30%--12 Month Jumbo IRA Certificate
0.25%--6 Month IRA Certificate

Central Washington Credit Union Locations
Branch Office901 Triple Crown WayYakima, WA 98908