Community West Credit Union

4045 60th St SE
Kentwood, MI 49512
616-261-5657
www.communitywestcu.org

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Community West Credit Union is headquartered in Kentwood and is the 76^th largest credit union in the state of Michigan. It is also the 1,313^st largest credit union in the nation. It was established in 1967 and as of December of 2012, it had grown to 30 employees and 14,112 members. Community West Credit Union has a 5-star health rating.

Community West Credit Union Routing Number: 272480995

Special High-Rate Checking and Bonus at Community West CU in Michigan - Local Only - 2/19/2013

A reader brought to my attention an interesting reward checking account at Community West Credit Union CWCU . At first look, it may appear like a hot deal. It has a 7.00% APY, but as you might expect ...

Bonus and Other Checking Account Perks at Community West Credit Union in Michigan - Local Only - 1/20/2011

When you see accounts with very high yields, the catch is typically that the high rate only applies to a small balance. But this can sometimes be a good deal if the rate and balance cap are high enoug ...

5.50% 9-Month CD at a Michigan CU and a 7% $500-Max Checking (Community West) - 4/25/2007

Community West Credit Union is offering a 40th Anniversary special 9-month certificate of deposit with a yield of 5.50% APY. The minimum deposit is $500. The credit union is also offering a 7% checking account. However, it only pays 7% on the first $500...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Community West Credit Union Checking Account Rates

Apy	Min	Max	Product
7.00%	-	$2k	Completely Free Checking
7.00%	-	$2k	Student Checking

Community West Credit Union Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	Saver Gator
0.20%	-	-	Young Adult
0.20%	-	-	IRA Savings
0.20%	-	-	Roth IRA Savings
0.20%	-	-	Coverdell Educational IRA
0.15%	$500	-	Smart Savings
0.10%	-	-	Traditional Savings

Community West Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.45%	$100k	-	Insured Money Market

Community West Credit Union CD Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month CD
1.25%	$500	-	48 - 59 Month CD
1.00%	$500	-	36 - 47 Month CD
0.75%	$500	-	24 - 35 Month CD
0.60%	$500	-	18 - 23 Month CD
0.50%	$500	-	12 - 17 Month CD
0.35%	$500	-	6 - 11 Month CD
0.25%	$500	-	3 - 5 Month CD

Community West Credit Union IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month CESA
1.65%	$500	-	60 Month IRA
1.65%	$500	-	60 Month Roth IRA
1.25%	$500	-	48 - 59 Month CESA
1.25%	$500	-	48 - 59 Month IRA
1.25%	$500	-	48 - 59 Month Roth IRA
1.00%	$500	-	36 - 47 Month CESA
1.00%	$500	-	36 - 47 Month IRA
1.00%	$500	-	36 - 47 Month Roth IRA
0.75%	$500	-	24 - 35 Month CESA
0.75%	$500	-	24 - 35 Month IRA
0.75%	$500	-	24 - 35 Month Roth IRA
0.60%	$500	-	18 - 23 Month CESA
0.60%	$500	-	18 - 23 Month IRA
0.60%	$500	-	18 - 23 Month Roth IRA
0.50%	$500	-	12 - 17 Month CESA
0.50%	$500	-	12 - 17 Month IRA
0.50%	$500	-	12-17 Month Roth IRA
0.35%	$500	-	6 - 11 Month CESA
0.35%	$500	-	6 - 11 Month IRA
0.35%	$500	-	6 - 11 Month Roth IRA
0.25%	$500	-	3 - 5 Month CESA
0.25%	$500	-	3 - 5 Month IRA
0.25%	$500	-	3 - 5 Month Roth IRA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

COMMUNITY WEST
NCUA #	61677
BankRate Report	View
Year Chartered	1967
Employees	30
Primary Regulator
Assets and Liabilities
Assets	$117.63 million
Loans	$90.89 million
Deposits	$100.71 million
Equity Capital	$14.47 million
Loan Loss Allowance	$907,000
Unbacked Noncurrent Loans	$810,000
Real Estate Owned	$51,000
Historic Data - December 2011
Assets	$114.23 million
Equity Capital	$13.64 million
Loan Loss Allowance	$1.02 million
Unbacked Noncurrent Loans	$629,000
Real Estate Owned	$186,000
Profit Margin - Quarterly
Net Interest Margin	4.24%
Return on Assets	0.81%
Return on Equity	6.61%
Interest Income	$5.02 million
Non-Interest Income	$1.59 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2012 Community West Credit Union had $861,000 in non-current loans and owned real-estate with $15.38 million in equity and loan loss allowances on hand to cover it. This gives Community West Credit Union a Texas Ratio of 5.60% 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 Community West Credit Union held steady from 5.56% as of December 31, 2011 to 5.60% as of December 31, 2012, resulting in a negative change of 0.64%. This indicates that the balance sheet and financial strength for Community West Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Community West Credit Union has increased its total deposits by $4.26 million, resulting in 4.42% 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 West Credit Union has shown is above average.
Capitalization
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 West Credit Union has $117.62 million in assets with $15.38 million in equity, resulting in a capitalization level of 13.08%, which is excellent.