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Overview / Commentary
888-901-2328
P.O. Box 160
Cheney, WA 99004

Cheney Credit Union is headquartered in Cheney and is the 41st largest credit union in the state of Washington. It is also the 1,630th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 11 employees and 4,791 members. Cheney Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the city of Cheney. - See Details

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Health

Data for Q4 2013

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. Cheney Credit Union has a relatively low asset base.

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 Cheney Credit Union had $230,000 in non-current loans and owned real-estate with $8.48 million in equity and loan loss allowances on hand to cover it. This gives Cheney Credit Union a Texas Ratio of 2.71% 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 Cheney Credit Union decreased slightly from 3.52% as of December 31, 2012 to 2.71% as of December 31, 2013, resulting in a positive change of 22.89%.This indicates that the balance sheet and financial strength for Cheney Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Cheney Credit Union has increased its total deposits by $1.68 million, resulting in 2.21% 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 Cheney Credit Union has shown is above average.

Capitalization

GRADE:
B

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. Cheney Credit Union has $86.71 million in assets with $8.48 million in equity, resulting in a capitalization level of 9.78%, which is above average.

Institution Statistics

Overall
NCUA #7101
Year Chartered1951
Employees11
Primary Regulator
Assets and Liabilities
Assets$86.71 million
Loans$36.58 million
Deposits$77.77 million
Equity Capital$8.32 million
Loan Loss Allowance$160,000
Unbacked Noncurrent Loans$230,000
Real Estate Owned$0
Historic Data - December 2012
Assets$84.82 million
Equity Capital$8.25 million
Loan Loss Allowance$130,000
Unbacked Noncurrent Loans$230,000
Real Estate Owned$74,000
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets0.65%
Return on Equity6.77%
Interest Income$2.20 million
Rates

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Cheney Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Share Savings Account
0.50%--Roth IRA Share Savings Account
0.20%$20-Regular Share Savings Account
0.20%--All Kid's Club Accounts
0.20%--Holiday Club Account

Cheney Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$25k-Super Saver Money Market Account

Cheney Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Share Draft Checking

Cheney Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$50k-24 Month Super Share Certificate
0.75%$500-24 Month Share Certificate
0.75%$50k-18 Month Super Share Certificate
0.65%$500-18 Month Share Certificate
0.65%$50k-12 Month Super Share Certificate
0.55%$500-12 Month Share Certificate
0.55%$50k-6 Month Super Share Certificate
0.45%$500-6 Month Share Certificate

Cheney Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$2k-60 Month IRA Share Certificate (Traditional,Roth)
0.95%$2k-48 Month IRA Share Certificate (Traditional,Roth)
0.85%$2k-36 Month IRA Share Certificate (Traditional,Roth)
0.75%$2k-18 Month IRA Share Certificate (Traditional,Roth)
Locations


Cheney Credit Union Locations
Branch Office520 1ST STCheney, WA 99004-1603