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Overview / Commentary
3049 S 36th St, Ste 103
Tacoma, WA 98409

Ibew 76 Credit Union is headquartered in Tacoma and is the 68th largest credit union in the state of Washington. It is also the 2,860th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 2 employees and 1,694 members. Ibew 76 Credit Union has a B health rating.

Field of Membership Restrictions

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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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Ibew 76 Credit Union has a low asset base.

Texas Ratio


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 Ibew 76 Credit Union had $1,000 in non-current loans and owned real-estate with $3.15 million in equity and loan loss allowances on hand to cover it. This gives Ibew 76 Credit Union a Texas Ratio of 0.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ibew 76 Credit Union decreased dramatically from 3.88% as of March 31, 2013 to 0.03% as of March 31, 2014, resulting in a positive change of 99.18%.This indicates that the balance sheet and financial strength for Ibew 76 Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Ibew 76 Credit Union has decreased its total deposits by $-851,000, resulting in -2.82% 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 below 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 $32.55 million in assets with $3.15 million in equity, resulting in a capitalization level of 9.69%, which is above average.

Institution Statistics

NCUA #11949
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$32.55 million
Loans$6.01 million
Deposits$29.36 million
Equity Capital$3.13 million
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$33.41 million
Equity Capital$3.12 million
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$114,000
Profit Margin - Quarterly
Return on Assets-0.12%
Return on Equity-1.28%
Interest Income$164,000
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Ibew 76 Credit Union Savings Account Rates

0.20%--IRA Shares Account
0.20%--Roth IRA Shares Account
0.05%--Share Savings Account

Ibew 76 Credit Union Locations
Branch Office3049 S 36th St Ste 103Tacoma, WA 98409