G H Woodworkers Credit Union
G H Woodworkers Credit Union is headquartered in Aberdeen and is the 105th largest credit union in the state of Washington. It is also the 5,978th largest credit union in the nation. It was established in 1955 and as of June of 2013, it had grown to 1 employees and 515 members. G H Woodworkers Credit Union has a B health rating.
Data for Q2 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 June 30, 2013 G H Woodworkers Credit Union had $63,000 in non-current loans and owned real-estate with $297,000 in equity and loan loss allowances on hand to cover it. This gives G H Woodworkers Credit Union a Texas Ratio of 21.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for G H Woodworkers Credit Union held steady from 21.00% as of June 30, 2012 to 21.21% as of June 30, 2013, resulting in a negative change of 1.00%. This indicates that the balance sheet and financial strength for G H Woodworkers Credit Union has held steady in recent periods.
Deposit Growth
In the past year, G H Woodworkers Credit Union has decreased its total deposits by $-181,000, resulting in -8.19% 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 G H Woodworkers Credit Union has shown is below average.
Capitalization
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. G H Woodworkers Credit Union has $2.31 million in assets with $297,000 in equity, resulting in a capitalization level of 12.88%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 10215 |
| Year Chartered | 1955 |
| Employees | 1 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $2.31 million |
| Loans | $1.35 million |
| Deposits | $2.03 million |
| Equity Capital | $275,000 |
| Loan Loss Allowance | $22,000 |
| Unbacked Noncurrent Loans | $63,000 |
| Real Estate Owned | $0 |
| Historic Data - June 2012 | |
|---|---|
| Assets | $2.52 million |
| Equity Capital | $311,000 |
| Loan Loss Allowance | $8,000 |
| Unbacked Noncurrent Loans | $63,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.25% |
| Return on Assets | 0% |
| Return on Equity | 0% |
| Interest Income | $47,000 |
Sorry, we do not have rate data for G H Woodworkers Credit Union
| G H Woodworkers Credit Union Locations | ||
|---|---|---|
| Branch Office | 2600 Sumner Ave | Aberdeen, WA 98520 |