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Overview / Commentary
800-524-0942
520 NE 165th St
Shoreline, WA 98155

Darigold Credit Union is headquartered in SHORELINE and is the 97th largest credit union in the state of Washington. It is also the 5,268th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 2 employees and 1,137 members. Darigold Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of Darigold or be a producer or member of the Northwest Dairy Association. Also open to those who live or work in Ridgecrest or Parkwood neighborhood in Shoreline, Washington - See Details

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Health

Data for Q4 2013

Institution Health

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

Texas Ratio

GRADE:
A+

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 Darigold Credit Union had $24,000 in non-current loans and owned real-estate with $1.02 million in equity and loan loss allowances on hand to cover it. This gives Darigold Credit Union a Texas Ratio of 2.36% 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 Darigold Credit Union decreased dramatically from 6.84% as of December 31, 2012 to 2.36% as of December 31, 2013, resulting in a positive change of 65.55%.This indicates that the balance sheet and financial strength for Darigold Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Darigold Credit Union has decreased its total deposits by $-122,000, resulting in -2.94% 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 Darigold Credit Union has shown is below average.

Capitalization

GRADE:
A+

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. Darigold Credit Union has $4.97 million in assets with $1.02 million in equity, resulting in a capitalization level of 20.49%, which is excellent.

Institution Statistics

Overall
NCUA #7968
Year Chartered1952
Employees2
Primary Regulator
Assets and Liabilities
Assets$4.97 million
Loans$2.54 million
Deposits$4.03 million
Equity Capital$936,000
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$24,000
Real Estate Owned$0
Historic Data - December 2012
Assets$5.21 million
Equity Capital$1.05 million
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$24,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.81%
Return on Assets-2.29%
Return on Equity-12.18%
Interest Income$225,000
Rates
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Darigold Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.12%--Regular Shares
0.12%--Christmas Club
0.12%--IRA Savings
Locations


Darigold Credit Union Locations
Branch Office520 NE 165th StShoreline, WA 98155