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Overview / Commentary
425-259-6446
1503 Pacific Ave
Everett, WA 98201

Community Healthcare CU (WA) is headquartered in Everett and is the 87th largest credit union in the state of Washington. It is also the 4,315st largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 6 employees and 1,659 members. Community Healthcare CU (WA) has a C+ health rating.

Field of Membership Restrictions

Must be an employee of Providence Health Systems Everett, Valley General Hospital, Visiting Nurses Association or Providence Home Care. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Community Healthcare CU (WA) 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 Community Healthcare CU (WA) had $100,000 in non-current loans and owned real-estate with $981,000 in equity and loan loss allowances on hand to cover it. This gives Community Healthcare CU (WA) a Texas Ratio of 10.19% 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 Community Healthcare CU (WA) experienced no significant changes from 8.47% as of March 31, 2013 to 10.19% as of March 31, 2014, resulting in a negative change of 20.31%. This indicates that the balance sheet and financial strength for Community Healthcare CU (WA) has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Community Healthcare CU (WA) has decreased its total deposits by $-208,000, resulting in -1.94% 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 Community Healthcare CU (WA) has shown is average.

Capitalization

GRADE:
C

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. Community Healthcare CU (WA) has $11.52 million in assets with $981,000 in equity, resulting in a capitalization level of 8.52%, which is average.

Institution Statistics

Overall
NCUA #12847
Year Chartered1959
Employees6
Primary Regulator
Assets and Liabilities
Assets$11.52 million
Loans$6.06 million
Deposits$10.53 million
Equity Capital$772,000
Loan Loss Allowance$209,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.78 million
Equity Capital$740,000
Loan Loss Allowance$275,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.21%
Return on Equity3.11%
Interest Income$132,000
Rates
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Community Healthcare CU (WA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Savings Account
0.10%--Christmas Club Account
0.10%--IRA Savings
Locations


Community Healthcare CU (WA) Locations
Branch Office3130 Rockefeller AveEverett, WA 98201
Branch Office1503 Pacific AveEverett, WA 98201