Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
800-672-7211
P.O. Box 2526
Olympia, WA 98507

Generations CU (WA) is headquartered in Olympia and is the 75th largest credit union in the state of Washington. It is also the 3,166th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 7 employees and 3,650 members. Generations CU (WA)'s savings rates are 92% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Washington State. - See Details

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

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. Generations CU (WA) has a low asset base.

Texas Ratio

GRADE:
B+

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 Generations CU (WA) had $300,000 in non-current loans and owned real-estate with $2.03 million in equity and loan loss allowances on hand to cover it. This gives Generations CU (WA) a Texas Ratio of 14.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Generations CU (WA) experienced no significant changes from 10.06% as of March 31, 2013 to 14.78% as of March 31, 2014, resulting in a negative change of 46.93%. This indicates that the balance sheet and financial strength for Generations CU (WA) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Generations CU (WA) has increased its total deposits by $334,000, resulting in 1.43% 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 Generations CU (WA) has shown is above 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. Generations CU (WA) has $26.19 million in assets with $2.03 million in equity, resulting in a capitalization level of 7.75%, which is below average.

Institution Statistics

Overall
NCUA #68220
Year Chartered1939
Employees7
Primary Regulator
Assets and Liabilities
Assets$26.19 million
Loans$14.71 million
Deposits$23.75 million
Equity Capital$1.88 million
Loan Loss Allowance$155,000
Unbacked Noncurrent Loans$152,000
Real Estate Owned$148,000
Historic Data - March 2013
Assets$25.88 million
Equity Capital$1.92 million
Loan Loss Allowance$136,000
Unbacked Noncurrent Loans$152,000
Real Estate Owned$148,000
Profit Margin - Quarterly
Net Interest Margin1.55%
Return on Assets0.02%
Return on Equity0.21%
Interest Income$263,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Generations CU (WA), we are a rate comparison website and can not provide official rates or promotions.

Generations CU (WA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--College Club Account
0.50%--IRA Savings Account
0.50%--Rollover IRA Savings
0.50%--Roth IRA Savings
0.25%--Holiday Club Account
0.10%$100-Regular Savings Account
0.10%$100-Prime Time Savings Account
0.10%$100-Kid's Club Savings Account
0.10%$100-Teen Club Savings Account

Generations CU (WA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$2,500-Money Market Account

Generations CU (WA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Teen Club Checking Account
0.05%$500-Capital Checking Account
0.00%--Simply Checking Account
0.00%--Prime Time Checking Account

Generations CU (WA) CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month CD
0.90%$500-48 Month CD
0.70%$500-36 Month CD
0.30%$100-12 Month Kids Club CD
0.30%$500-18 Month CD
0.20%$100-6 Month Kids Club CD

Generations CU (WA) IRA Rates

DetailsAPYMINMAXPRODUCT
0.30%$500-18 Month Rollover IRA
Locations


Generations CU (WA) Locations
Branch Office929 Eastside St SEOlympia, WA 98501