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Overview / Commentary
888-425-8845
821 Washington Way
Longview, WA 98632

Cowlitz Credit Union is headquartered in Longview and is the 63rd largest credit union in the state of Washington. It is also the 2,535th largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 12 employees and 4,492 members. Cowlitz Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in "qualified communities", described as school districts within the State of Washington or be a resident or work in Cowlitz County. Also open to members of PeaceHealth and Teamsters Local #58. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Cowlitz Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Cowlitz Credit Union had $78,000 in non-current loans and owned real-estate with $3.95 million in equity and loan loss allowances on hand to cover it. This gives Cowlitz Credit Union a Texas Ratio of 1.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Cowlitz Credit Union decreased dramatically from 4.80% as of March 31, 2013 to 1.98% as of March 31, 2014, resulting in a positive change of 58.84%.This indicates that the balance sheet and financial strength for Cowlitz Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Cowlitz Credit Union has decreased its total deposits by $-656,000, resulting in -1.7% 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 Cowlitz Credit Union has shown is average.

Capitalization

GRADE:
C+

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. Cowlitz Credit Union has $41.83 million in assets with $3.95 million in equity, resulting in a capitalization level of 9.43%, which is average.

Institution Statistics

Overall
NCUA #68262
Year Chartered1966
Employees12
Primary Regulator
Assets and Liabilities
Assets$41.83 million
Loans$20.95 million
Deposits$38.02 million
Equity Capital$3.71 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$78,000
Real Estate Owned$0
Historic Data - March 2013
Assets$42.51 million
Equity Capital$3.72 million
Loan Loss Allowance$170,000
Unbacked Noncurrent Loans$78,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.08%
Return on Equity-0.86%
Interest Income$316,000
Rates

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

Cowlitz Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA Shares
0.15%$25-Regular Shares
0.15%--Holiday Club
0.15%--Kirby Kangaroo Club

Cowlitz Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$1,500-Money Market Investment

Cowlitz Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1,500-Premier Checking

Cowlitz Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.65%$1k-2 Year Certificate
0.40%$100-18 Month Add On Certificate
0.30%$1k-1 Year Certificate
0.30%$100-1 Year Add On Certificate
0.20%$1k-6 Month Certificate
0.20%$100-6 Month Add On Certificate

Cowlitz Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.65%$1k-2 Year IRA Certificate
0.40%$100-18 Month Add On IRA Certificate
0.30%$1k-1 Year IRA Certificate
0.30%$100-1 Year Add On IRA Certificate
0.20%$1k-6 Month IRA Certificate
0.20%$100-6 Month Add On IRA Certificate
Locations


Cowlitz Credit Union Locations
Branch Office821 Washington WayLongview, WA 98632