Central Washington Credit Union is headquartered in Yakima and is the 93rd largest credit union in the state of Washington. It is also the 4,548th largest credit union in the nation. It was established in 1950 and as of September of 2013, it had grown to 4 employees and 1,387 members. Central Washington Credit Union has a B health rating.
Must live, work, worship or attend school in Yakima County. - 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 Central Washington Credit Union had $0 in non-current loans and owned real-estate with $856,000 in equity and loan loss allowances on hand to cover it. This gives Central Washington Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Central Washington Credit Union increased slightly from 9.88% as of September 30, 2012 to 0.00% as of September 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Central Washington Credit Union has declined slightly in recent periods.
In the past year, Central Washington Credit Union has decreased its total deposits by $-554,000, resulting in -5.97% 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 $9.61 million in assets with $856,000 in equity, resulting in a capitalization level of 8.91%, which is average.
|Assets and Liabilities|
|Loan Loss Allowance||$13,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Loan Loss Allowance||$71,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.32%|
|Return on Assets||-1.32%|
|Return on Equity||-15.03%|
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|0.35%||-||-||IRA Share Account|
|0.35%||-||-||Roth IRA Share Account|
|0.35%||-||-||Education IRA Share Account|
|0.10%||$50||-||Share Savings Account|
|0.15%||-||-||Insured Money Market Account|
|0.30%||-||-||12 Month Share Certificate|
|0.30%||-||-||12 Month Jumbo Share Certificate|
|0.25%||-||-||6 Month Share Certificate|
|0.30%||-||-||12 Month IRA Certificate|
|0.30%||-||-||12 Month Jumbo IRA Certificate|
|0.30%||-||-||12 Month Roth IRA Certificate|
|0.30%||-||-||12 Month Jumbo Roth IRA Certificate|
|0.30%||-||-||12 Month Education IRA Certificate|
|0.30%||-||-||12 Month Jumbo Education IRA Certificate|
|0.25%||-||-||6 Month IRA Certificate|
|0.25%||-||-||6 Month Roth IRA Certificate|
|0.25%||-||-||6 Month Education IRA Certificate|
|Central Washington Credit Union Locations|
|Branch Office||901 Triple Crown Way||Yakima, WA 98908|