Ibew 76 Credit Union is headquartered in Tacoma and is the 67th largest credit union in the state of Washington. It is also the 2,833rd largest credit union in the nation. It was established in 1957 and as of June of 2013, it had grown to 4 employees and 1,723 members. Ibew 76 Credit Union has a B+ health rating.
Must be a member of IBEW Local 76 or be an employee of one of the several select companies. - See Details
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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 Ibew 76 Credit Union had $0 in non-current loans and owned real-estate with $3.14 million in equity and loan loss allowances on hand to cover it. This gives Ibew 76 Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Ibew 76 Credit Union increased slightly from 4.17% as of June 30, 2012 to 0.00% as of June 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Ibew 76 Credit Union has declined slightly in recent periods.
In the past year, Ibew 76 Credit Union has decreased its total deposits by $-152,000, resulting in -0.51% 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 Ibew 76 Credit Union has shown is average.
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. Ibew 76 Credit Union has $33.13 million in assets with $3.14 million in equity, resulting in a capitalization level of 9.48%, which is average.
|Assets and Liabilities|
|Equity Capital||$3.12 million|
|Loan Loss Allowance||$16,000|
|Real Estate Owned||$0|
|Historic Data - June 2012|
|Equity Capital||$3.09 million|
|Loan Loss Allowance||$59,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.13%|
|Return on Assets||0.12%|
|Return on Equity||1.28%|
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|0.35%||-||-||IRA Shares Account|
|0.35%||-||-||Roth IRA Shares Account|
|0.20%||-||-||Share Savings Account|
|Ibew 76 Credit Union Locations|
|Branch Office||3049 S 36th St Ste 103||Tacoma, WA 98409|