Community West Credit Union

Community West Credit Union Locations
4045 60th St SE
Kentwood, MI 49512
616-261-5657
www.communitywestcu.org

NCUA


Community West Credit Union is headquartered in Kentwood and is the 76th largest credit union in the state of Michigan. It is also the 1,313st 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

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

Community West Credit Union Checking Account Rates

ApyMinMaxProduct
7.00%-$2kCompletely Free Checking
7.00%-$2kStudent Checking

Community West Credit Union Savings Account Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
0.45%$100k-Insured Money Market

Community West Credit Union CD Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
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 ReportView
Year Chartered1967
Employees30
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 Margin4.24%
Return on Assets0.81%
Return on Equity6.61%
Interest Income$5.02 million
Non-Interest Income$1.59 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Trend3
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 Growth4
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.
Capitalization5
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.
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