Great Northwest Credit Union
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.
Data for Q4 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 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
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
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
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 Chartered | 1955 |
| Employees | 39 |
| 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 Margin | 6.44% |
| Return on Assets | 0.9% |
| Return on Equity | 7.26% |
| Interest Income | $3.96 million |
Sorry, we do not have rate data for Great Northwest Credit Union
| Great Northwest Credit Union Locations | ||
|---|---|---|
| Branch Office | 705 South Pacific Highway | Long Beach, WA 98631 |
| Branch Office | 1409 251st Pl | Ocean Park, WA 98640 |
| Branch Office | 327 Commercial St | Raymond, WA 98577 |
| Branch Office | 301 W Wishkah St | Aberdeen, WA 98520-6130 |