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Overview / Commentary
888-901-2328
520 1ST ST
Cheney, WA 99004-1603

Cheney Credit Union is headquartered in Cheney and is the 42nd largest credit union in the state of Washington. It is also the 1,656th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 12 employees and 4,821 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 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. Cheney Credit Union has a relatively 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 Cheney Credit Union had $343,000 in non-current loans and owned real-estate with $8.73 million in equity and loan loss allowances on hand to cover it. This gives Cheney Credit Union a Texas Ratio of 3.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Cheney Credit Union decreased dramatically from 6.45% as of March 31, 2013 to 3.93% as of March 31, 2014, resulting in a positive change of 39.04%.This indicates that the balance sheet and financial strength for Cheney Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Cheney Credit Union has increased its total deposits by $525,000, resulting in 0.68% 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 $87.42 million in assets with $8.73 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
NCUA #7101
Year Chartered1951
Employees12
Primary Regulator
Assets and Liabilities
Assets$87.42 million
Loans$35.57 million
Deposits$78.21 million
Equity Capital$8.54 million
Loan Loss Allowance$187,000
Unbacked Noncurrent Loans$343,000
Real Estate Owned$0
Historic Data - March 2013
Assets$86.73 million
Equity Capital$8.40 million
Loan Loss Allowance$133,000
Unbacked Noncurrent Loans$343,000
Real Estate Owned$74,000
Profit Margin - Quarterly
Return on Assets0.54%
Return on Equity5.57%
Interest Income$513,000
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
0.95%$2k-48 Month IRA Share Certificate
0.85%$2k-36 Month IRA Share Certificate
0.75%$2k-18 Month IRA Share Certificate
Locations


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