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Overview / Commentary
877-640-0420
P.O. Box 1767
Bellingham, WA 98227

Industrial CU Of Whatcom County is headquartered in Bellingham and is the 29th largest credit union in the state of Washington. It is also the 951st largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 86 employees and 23,274 members. Industrial CU Of Whatcom County has a B+ health rating.

Field of Membership Restrictions

Must live or work in the State of Washington. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 Industrial CU Of Whatcom County had $1.63 million in non-current loans and owned real-estate with $15.75 million in equity and loan loss allowances on hand to cover it. This gives Industrial CU Of Whatcom County a Texas Ratio of 10.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Industrial CU Of Whatcom County experienced no significant changes from 5.59% as of December 31, 2012 to 10.33% as of December 31, 2013, resulting in a negative change of 84.87%. This indicates that the balance sheet and financial strength for Industrial CU Of Whatcom County has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Industrial CU Of Whatcom County has increased its total deposits by $12.42 million, resulting in 7.8% 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 Industrial CU Of Whatcom County has shown is excellent.

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. Industrial CU Of Whatcom County has $188.89 million in assets with $15.75 million in equity, resulting in a capitalization level of 8.34%, which is average.

Institution Statistics

Overall
NCUA #66337
Year Chartered1941
Employees86
Primary Regulator
Assets and Liabilities
Assets$188.89 million
Loans$96.29 million
Deposits$171.69 million
Equity Capital$14.54 million
Loan Loss Allowance$1.21 million
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$0
Historic Data - December 2012
Assets$178.36 million
Equity Capital$14.70 million
Loan Loss Allowance$618,000
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.62%
Return on Assets0.31%
Return on Equity4.04%
Interest Income$6.06 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Industrial CU Of Whatcom County, we are a rate comparison website and can not provide official rates or promotions.

Industrial CU Of Whatcom County Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$75k-IRA Savings
0.50%$75k-Roth IRA Savings
0.45%$75k-Premier Savings
0.20%--Regular Savings
0.20%--Children’s Savings

Industrial CU Of Whatcom County Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Account

Industrial CU Of Whatcom County Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Dividend Checking
0.10%$1k-Golden Checking

Industrial CU Of Whatcom County CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-36 Month CD
0.50%$1k-24 Month CD
0.35%$1k-12 Month CD
0.35%$1k-18 Month CD
0.25%$1k-6 Month CD

Industrial CU Of Whatcom County IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-36 Month IRA (Traditional,Roth)
0.50%$1k-24 Month IRA (Traditional,Roth)
0.35%$1k-12 Month IRA (Traditional,Roth)
0.35%$1k-18 Month IRA (Traditional,Roth)
0.25%$1k-6 Month IRA (Traditional,Roth)
Locations


Industrial CU Of Whatcom County Locations
Branch Office1739 LaBounty DrFerndale, WA 98248
Branch Office2955 Newmarket St Ste 107Bellingham, WA 98226-3873
Branch Office8170 Guide Meridian RdLynden, WA 98264-9421
Branch Office3901 Unick RdFerndale, WA 98248-9003
Branch Office1225 W Bakerview Rd Ste ABellingham, WA 98226-9691
Branch Office1100 N State StBellingham, WA 98225-5014
Branch Office3233 Northwest AveBellingham, WA 98225-1317
Branch Office5619 Lawrence RdEverson, WA 98247