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Denied Account

I went through all the account requirements and applied for the account online today and my application was accepted online, but later received a message saying that my account was not approved.

"Thank you for applying for our Rewards Checking Account. Coulee Bank will only accept Rewards Checking applications from those applicants residing in the states of Wisconsin, Minnesota and Iowa. Thank you for your interest in Coulee Bank", Ellen.

I am from New Jersey, but no where in the account requirements, I read about residency requirements. The online application also did not stop me from applying, I do not know why they set it up that way. Is there anything I can do about this? I feel that my credit report was unnecessarily pulled for an account that they knew were going to deny.

This Bank Is Very Professional And Offers A Perfect Customer Service

This bank is very professional and offers a perfect customer service.  Even if everything needs to be done on-line, you can call the bank and speak to a life and friendly person.  Since I made my deposit 9 month ago, I never had any problems, and always top customer service.  I even took money from an ATM in Chile, and I received a refund for the ATM fees. Very Good.

As A Former Employee.....

Wow.. I'm surprised & yet delighted to have come across this banking blog/website. Unfortunately, all of the above postings about Coulee Bank's negative image are pretty much true. Because so many people have either left or been fired this past year, I'm comfortable to now confirm as a past employee that this place is terrible. They:
Openly threatened to give co-workers a "bad recommendation" for quitting/looking for a better job. La Crosse supervisor (for all branches) significantly cut back weekly hours for "FULL" time and part time workers without explanation – typical.  Deny any benefits for part time workers (basic health insurance, vacation, sick time, 401K) - NOTHING Used personal feelings and emotions while calculating "worthless" quarterly bonuses for employees. Still today has a shortage of employees….. Too many long lines for customers – very true, no doubt. Onalaska VP has yelled at employees to the point of crying... "They are always right, you're always wrong." Head of human resources is useless-- any complaint/request/concern in the workplace is not kept secret and turned over to management. AKA: You can't stand up for yourself if there is a workplace issue and have an ally in management at Coulee Bank. The head of HR is pointless - she serves the wants of anything management says and has even threatened employees to "shut up or leave."  This is just a short list of how Coulee Bank and their poor treatment of employees. Fortunately I'm no longer in the LAX area and feel okay posting about this. This is real, this is serious, and this is everyday life for workers at Coulee Bank. When shopping for banks, please consider the corporate friendliness and working conditions for bank’s employees. As a first hand witness, I strongly suggest choosing a different local community bank in La Crosse or credit union. SHAME ON COULEE BANK! 

They Know What They Are Doing

This institution performed well when I needed a wiretransfer.  They understand what a domestic intermediary bank is and how to execute instructions correctly.  Unlike some institutions, Collee did not attempt to charge for foreign wire because ultimate payee was foreign.  I deal with many banks and am happy with this institutes service.  I never have problem reaching live persons.  2.55% interest is not bad either. I recommend Collee Bank.



Data for Q4 2013

Institution Health


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, 2013 Coulee Bank had $2.37 million in non-current loans and owned real-estate with $29.73 million in equity and loan loss allowances on hand to cover it. This gives Coulee Bank a Texas Ratio of 7.98% 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 Coulee Bank experienced no significant changes from 8.31% as of December 31, 2012 to 7.98% as of December 31, 2013, resulting in a positive change of 3.96%.This indicates that the balance sheet and financial strength for Coulee Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Coulee Bank has increased its total deposits by $4.28 million, resulting in 1.96% 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 Coulee Bank has shown is above average.



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. Coulee Bank has $282.73 million in assets with $29.73 million in equity, resulting in a capitalization level of 10.52%, which is above average.

Institution Statistics

FDIC Certificate #18361
Year Established1961
Primary RegulatorFDIC
Assets and Liabilities
Assets$282.73 million
Loans$184.43 million
Deposits$222.89 million
Equity Capital$27.33 million
Loan Loss Allowance$2.41 million
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$486,000
Historic Data - December 2012
Assets$289.16 million
Equity Capital$29.27 million
Loan Loss Allowance$2.88 million
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$639,000
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets1.9%
Return on Equity18.98%
Interest Income$11.98 million

Always verify rates and promotions with the bank or credit union. We are not Coulee Bank, we are a rate comparison website and can not provide official rates or promotions.

Coulee Bank Savings Account Rates

1.00%-$15kKasasa Saver
0.25%$15k-Health Savings
0.10%$200-Statement Savings
0.10%--Beginning Savings
0.10%--Kasasa Saver
0.10%$200-Business Savings

Coulee Bank Money Market Rates

0.25%$50k-Money Market
0.25%$50k-Business Money Market

Coulee Bank Checking Account Rates

2.55%-$15kKasasa Cash
0.10%--Kasasa Cash
0.10%$100-Gold Club Checking

Coulee Bank IRA Rates

0.75%$500-30 Month IRA
0.45%$500-18 Month IRA
0.35%$500-12 Month IRA

Coulee Bank Locations
Coulee Bank1516 Losey Boulevard SouthLA Crosse, WI 54601
Onalaska Branch590 Theatre RoadOnalaska, WI 54601
Highland Park Branch742 Grand AvenueSaint Paul, MN 55105