2.5 star ratingAverage User Rating:
2.5 star rating based on 13 reviews.

Coulee Bank

Coulee Bank Locations
1516 Losey Boulevard South
La Crosse, WI 54601
608-784-9550
www.couleebank.net

FDIC


Coulee Bank is headquartered in La Crosse and is the 73rd largest bank in the state of Wisconsin. It is also the 2,287th largest bank in the nation. It was established in 1961 and as of March of 2013, it had grown to 47 employees at 5 locations. Coulee Bank's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Related Posts

Coulee Bank rate cut To 2.55%, Same $25K Cap. (Forum) - 6/1/2011

From their website: 2.55% Annual Percentage Yield (APY) paid on balances between $.01 and $25,000, and 0.30% APY paid on all amounts above $25,000 each cycle the minimum requirements are met. If you do not meet the requirements during a given cycle,

Updates to the List of Nationally Available Reward Checking Accounts - 1/6/2011

The list of nationally available reward checking accounts has shrunk again. Liberty Bank 's reward checking is still offering 3.01% APY on balances up to $25K (as of 1/6/11). It was one the very few n ...

High Demand of Reward Checking Accounts Forcing Banks to Reduce Availability - 12/8/2010

In the last few months we've seen several changes for the worse in many reward checking accounts. I have a few more to report. I and several readers have been reporting on these changes as they occur ...

5 Best Reward Checking Accounts Available Nationwide - Updated for November - 11/2/2010

Reward checking has been helpful in this awful interest rate environment by providing savers a way to get a little higher yield on their liquid money. Rates have held up better than internet savings a ...

2010

2007




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

Coulee Bank Checking Account Rates

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

Coulee Bank Savings Account Rates

ApyMinMaxProduct
1.00%-$15kKasasa Saver
0.35%$15k-Health Savings
0.25%--Beginning Savings
0.10%$200-Statement Savings

Coulee Bank Money Market Rates

ApyMinMaxProduct
0.35%$50k-Money Market

Coulee Bank IRA Rates

ApyMinMaxProduct
1.00%$500-30 Month IRA
0.60%$500-18 Month IRA
0.45%$500-12 Month IRA

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


Coulee Bank
FDIC Certificate #18361
BankRate ReportView
Year Established1961
Employees47
Primary RegulatorFDIC

Assets and Liabilities

Assets$283.80 million
Loans$185.89 million
Deposits$219.58 million
Equity Capital$29.53 million
Loan Loss Allowance$3.06 million
Unbacked Noncurrent Loans$3.65 million
Real Estate Owned$639,000

Historic Data - March 2012

Assets$275.92 million
Equity Capital$29.34 million
Loan Loss Allowance$2.65 million
Unbacked Noncurrent Loans$2.28 million
Real Estate Owned$1.45 million

Profit Margin - Quarterly

Net Interest Margin3.95%
Return on Assets2.19%
Return on Equity21.39%
Interest Income$3.20 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 March 31, 2013 Coulee Bank had $4.28 million in non-current loans and owned real-estate with $32.6 million in equity and loan loss allowances on hand to cover it. This gives Coulee Bank a Texas Ratio of 13.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Coulee Bank held steady from 11.64% as of March 31, 2012 to 13.14% as of March 31, 2013, resulting in a negative change of 12.90%. This indicates that the balance sheet and financial strength for Coulee Bank has held steady in recent periods.
Deposit Growth4
In the past year, Coulee Bank has increased its total deposits by $9.26 million, resulting in 4.4% 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.
Capitalization4
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 $283.8 million in assets with $32.6 million in equity, resulting in a capitalization level of 11.49%, which is above average.
Write Review

This Bank Is Very Professional And Offers A Perfect Customer Service
5 stars - Anonymous - Thursday, January 14, 2010 - 3:39 PM

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.

9

Denied Account
1 stars - LazyGuy - Thursday, March 31, 2011 - 7:57 PM

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.

8

As A Former Employee.....
1 stars - MAD01WI - Sunday, September 9, 2012 - 3:20 PM

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! 

6

They Know What They Are Doing
5 stars - RewardChecking - Thursday, August 30, 2012 - 8:52 PM

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.

5

Coulee Bank Is Not A Good Institution
1 stars - WIBanker - Monday, April 30, 2012 - 1:12 AM

While Coulee Bank comes across as a great "local and community" financial institution with a high interest checking account, behind the scenes they really aren't a good bank. Coulee underpays their employees and fails to provide benefits to many part time employees. Additionally, they even cut hours weekly for some "full time" hourly employees. On the outside, a bank can pose as a great place where you should do their banking. But really, how internal operations are managed and how employees are treated are equally and if not more important. Shame on you, Coulee Bank. Get real. 

5

High Turnover?
1 stars - lindstrom_MKE - Wednesday, June 13, 2012 - 9:02 PM

hello group. it seems lately that many employees are missing from the bank in la crosse to help with transactions? why is there such high turnover? quite frequently there are many long lines in the lobby and it seems the bank is short on staff. i literally have to wait 10 or more minutes in the lobby in line because of limited tellers and not enough stations. other posts on the site here suggest some employees aren't happy with management either.... i'm becoming a little nervous with the working atosphere here. in past years, this has never been an issue. 

4

Coulee Gets New Look
1 stars - westernside08 - Thursday, May 10, 2012 - 2:32 PM

i see coulee bank has put up a new sign at the southside lacrosse location. it looks very nice, but its a very large, big corporation type of sign that had to of been very expensive. i hope coulee doesnt lose its small, community and family bank feel!! its been in our neighborhood for many years and something we dont want to lose. 

4

Coulee Bank Is "Out Of Focus"
1 stars - minnesotagirl - Wednesday, May 2, 2012 - 1:09 AM

Coulee Bank just took a "back door" approach towards changing their "high interest" checking account. Instead of lowering the old Rewards Checking account interest rate again, they changed the product name to Kasasa Cash and changed the maximum balance you can earn the 2.55% interest rate on to $15,000 down from original $25,000. How sneaky!

Additionally, Coulee Bank's CEO was more concerned about writing an editorial about how bad credit unions are to the local La Crosse Tribune newspaper instead of focusing on their own personal business. This place needs to get its priorities straight and stop pulling sneaky moves on us, the customers!

4

Incredibly Satisfied CURRENT Employee
5 stars - Ace - Thursday, September 13, 2012 - 9:41 AM

I’ve worked at four different banks (and left them all on good terms) and I can say without any hesitation that I’ve never worked anywhere that takes such good care of their employees. I’m still considered new, but I’ve been here long enough that the shine of being somewhere different and new has definitely worn off, and I’m still thrilled to be here. When friends and family ask how my job is going, I boast about how well Coulee treats its employees—their pay, benefits, training programs, and all the little extras are fair, competitive and most importantly, let you know you are valued as a part of this team, this family.

And I came from another La Crosse community bank who was, in my opinion, the textbook definition of a worthless HR, screaming VP’s, and overall inefficiency and poor customer service.

3

Employee Rates Bank
5 stars - MNN368 - Thursday, September 13, 2012 - 3:49 PM

I just finished reading some of the posts regarding employees....I have been an employee for a year and a half or so. I have not witnessed the things posted, but I think most work places have some good and some bad.  I thought I would share my experience being an employee here.   When I bring a concern, be it personal or work related, I'm listened to and when I have needed to change my work hours around, they have been very flexible.  I feel like I matter here to the management.  I'm part time and don't expect full time benefits but still do get some perks that are offered to all employees. I enjoy most of my co-workers and feel like we all work hard and are also willing to pitch in when there is a gap of an employee or a project that is taking a lot of time and effort.  Last but not least, the Human Resource person is excellent.  The last thing I would of ever said is "they are worthless."  It's guite the opposite, in fact.

2

Reward Checking Reduces Max Allowed In Account
1 stars - Anonymous - Monday, April 2, 2012 - 9:58 AM

This bank just sent customers an email announcing an "improvement" to the account effective May 2012. It is actually a drop in the max dollar amount allowed in the rewards checking account from $25k to $15k. Oh well...

1

A Good Bank To Do Business With
5 stars - Anonymous - Friday, November 11, 2011 - 4:20 PM

I understand that at first banks make accounts such as Reward Checking and other interest bearing accounts available nationwide, and after an overwhelming response, feel it necessary to limit the availability to a specific area. It always pleases me to time my application in such a way that I get in before the "net is closed to outsiders". This has happened to me a number of times. I am very pleased with Coulee Bank and feel blessed that even though I am an "outsider" I am able to do business with them -- no complaints. This is a thumbs up bank!!

1

Application
1 stars - Anonymous - Tuesday, December 7, 2010 - 7:41 PM

I tried to apply online on 12/7/10, but during the process the website indicated that one must now reside within 60 square miles of La Crosse.

1