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Great Northwest Credit Union

Great Northwest Credit Union
Overview / Commentary
301 West Wishkah Street
Aberdeen, WA 98520

Great Northwest Credit Union is headquartered in ABERDEEN and is the 37th largest credit union in the state of Washington. It is also the 1,371st largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 39 employees and 12,894 members. Great Northwest Credit Union has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Great Northwest Credit Union had $1.75 million in non-current loans and owned real-estate with $14.93 million in equity and loan loss allowances on hand to cover it. This gives Great Northwest Credit Union a Texas Ratio of 11.74% 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 Great Northwest Credit Union experienced no significant changes from 7.65% as of December 31, 2012 to 11.74% as of December 31, 2013, resulting in a negative change of 53.51%. This indicates that the balance sheet and financial strength for Great Northwest Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Great Northwest Credit Union has decreased its total deposits by $-584,000, resulting in -0.59% 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 Great Northwest Credit Union has shown is 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. Great Northwest Credit Union has $113.17 million in assets with $14.93 million in equity, resulting in a capitalization level of 13.19%, which is excellent.

Institution Statistics

Overall
NCUA #24606
Year Chartered1955
Employees39
Primary Regulator
Assets and Liabilities
Assets$113.17 million
Loans$51.94 million
Deposits$98.32 million
Equity Capital$14.11 million
Loan Loss Allowance$819,000
Unbacked Noncurrent Loans$1.69 million
Real Estate Owned$61,000
Historic Data - December 2012
Assets$112.76 million
Equity Capital$13.09 million
Loan Loss Allowance$726,000
Unbacked Noncurrent Loans$1.69 million
Real Estate Owned$103,000
Profit Margin - Quarterly
Net Interest Margin6.44%
Return on Assets0.9%
Return on Equity7.26%
Interest Income$3.96 million
Rates

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Locations


Great Northwest Credit Union Locations
Branch Office705 South Pacific HighwayLong Beach, WA 98631
Branch Office1409 251st PlOcean Park, WA 98640
Branch Office327 Commercial StRaymond, WA 98577
Branch Office301 W Wishkah StAberdeen, WA 98520-6130