Community West Credit Union

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



Community West Credit Union is headquartered in Kentwood and is the 78th largest credit union in the state of Michigan. It is also the 1,328th largest credit union in the nation. It was established in 1967 and as of September of 2011, it had grown to 32 employees and 13,575 members. Community West Credit Union has a 5-star health rating.

Community West Credit Union Routing Number: 272480995



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

Community West Credit Union Checking Account Rates

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

Community West Credit Union Savings Account Rates

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0.30%--Saver Gator
0.30%--Young Adult
0.30%--IRA Savings
0.30%--Roth IRA Savings
0.30%--Coverdell Educational IRA
0.25%$500-Smart Savings
0.15%--Traditional Savings

Community West Credit Union Money Market Rates

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0.70%$100k-Insured Money Market

Community West Credit Union CD Rates

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2.25%$500-60 Month CD
2.00%$500-48 - 59 Month CD
1.50%$500-36 - 47 Month CD
1.20%$500-24 - 35 Month CD
0.90%$500-18 - 23 Month CD
0.70%$500-12 - 17 Month CD
0.50%$500-6 - 11 Month CD
0.40%$500-3 - 5 Month CD

Community West Credit Union IRA Rates

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2.25%$500-60 Month CESA
2.25%$500-60 Month IRA
2.25%$500-60 Month Roth IRA
2.00%$500-48 - 59 Month CESA
2.00%$500-48 - 59 Month IRA
2.00%$500-48 - 59 Month Roth IRA
1.50%$500-36 - 47 Month CESA
1.50%$500-36 - 47 Month IRA
1.50%$500-36 - 47 Month Roth IRA
1.20%$500-24 - 35 Month CESA
1.20%$500-24 - 35 Month IRA
1.20%$500-24 - 35 Month Roth IRA
0.90%$500-18 - 23 Month CESA
0.90%$500-18 - 23 Month IRA
0.90%$500-18 - 23 Month Roth IRA
0.70%$500-12 - 17 Month CESA
0.70%$500-12 - 17 Month IRA
0.70%$500-12-17 Month Roth IRA
0.50%$500-6 - 11 Month CESA
0.50%$500-6 - 11 Month IRA
0.50%$500-6 - 11 Month Roth IRA
0.40%$500-3 - 5 Month CESA
0.40%$500-3 - 5 Month IRA
0.40%$500-3 - 5 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


COMMUNITY WEST
NCUA #61677
BankRate ReportView
Year Established1967
Employees32
Primary Regulator

Assets and Liabilities

Assets$111.50 million
Loans$81.48 million
Deposits$93.99 million
Equity Capital$13.45 million
Loan Loss Allowance$941,000
Unbacked Noncurrent Loans$658,000
Real Estate Owned$190,000

Historic Data - September 2010

Assets$105.37 million
Equity Capital$13.07 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$988,000
Real Estate Owned$59,000

Profit Margin - Quarterly

Net Interest Margin3.49%
Return on Assets0.34%
Return on Equity2.82%
Interest Income$3.79 million
Non-Interest Income$999,000

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 September 30, 2011 Community West Credit Union had $848,000 in non-current loans and owned real-estate with $14.39 million in equity and loan loss allowances on hand to cover it. This gives Community West Credit Union a Texas Ratio of 5.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Community West Credit Union decreased slightly from 7.39% as of September 30, 2010 to 5.89% as of September 30, 2011, resulting in a positive change of 20.30%.This indicates that the balance sheet and financial strength for Community West Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Community West Credit Union has increased its total deposits by $6.91 million, resulting in 7.94% 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 West Credit Union has shown is excellent.
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 $111.5 million in assets with $14.39 million in equity, resulting in a capitalization level of 12.91%, which is excellent.
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