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Overview / Commentary
206-622-1850
1741 4th Ave S Ste A
Seattle, WA 98134-1514

Express Credit Union is headquartered in Seattle and is the 89th largest credit union in the state of Washington. It is also the 4,329th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 10 employees and 2,983 members. Express Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work or worship in Washington State. - 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. Express 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 Express Credit Union had $69,000 in non-current loans and owned real-estate with $1.27 million in equity and loan loss allowances on hand to cover it. This gives Express Credit Union a Texas Ratio of 5.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Express Credit Union experienced no significant changes from 3.02% as of March 31, 2013 to 5.43% as of March 31, 2014, resulting in a negative change of 79.62%. This indicates that the balance sheet and financial strength for Express Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Express Credit Union has increased its total deposits by $546,000, resulting in 6.01% 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 Express Credit Union has shown is excellent.

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. Express Credit Union has $11.39 million in assets with $1.27 million in equity, resulting in a capitalization level of 11.15%, which is excellent.

Institution Statistics

Overall
NCUA #68273
Year Chartered1934
Employees10
Primary Regulator
Assets and Liabilities
Assets$11.39 million
Loans$7.49 million
Deposits$9.62 million
Equity Capital$1.17 million
Loan Loss Allowance$103,000
Unbacked Noncurrent Loans$69,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.64 million
Equity Capital$1.07 million
Loan Loss Allowance$85,000
Unbacked Noncurrent Loans$69,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.86%
Return on Assets0.63%
Return on Equity6.16%
Interest Income$146,000
Rates
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Express Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Share
0.25%--Roth IRA Share
0.25%--Coverdell Education Savings
0.20%--Holiday Club Savings
0.15%--Share Savings
0.15%--Express Kids Savings Club

Express Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Account

Express Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-36 Month CD
0.45%$50k-24 Month CD
0.35%$50k-12 Month CD
0.30%$100$1,20024 Month Add To CD
0.30%$50k-6 Month CD
0.25%$100$1,20012 Month Add To CD

Express Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-36 Month IRA
0.45%$50k-24 Month IRA
0.35%$50k-12 Month IRA
0.30%$500-36 Month CESA
0.25%$500-24 Month CESA
0.20%$500-12 Month CESA
Locations


Express Credit Union Locations
Branch Office1741 4th Ave S Ste ASeattle, WA 98134-1514