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Overview / Commentary
253-596-0154
803 E Portland Ave
TACOMA, WA 98421-3002

KBR Credit Union is headquartered in TACOMA and is the 77th largest credit union in the state of Washington. It is also the 3,390th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 3 employees and 1,632 members. KBR Credit Union has a B+ health rating.

Field of Membership Restrictions

Employees of Simpson Tacoma Kraft, Commencement Bay Mill Co. or Caraustar are eligible for membership. Immediate family of a current member to include: Spouse, Children, Mother, Father, Brother, Sister, Grandparent or Grandchild are also eligible for membership. - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
A+

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 KBR Credit Union had $73,000 in non-current loans and owned real-estate with $2.84 million in equity and loan loss allowances on hand to cover it. This gives KBR Credit Union a Texas Ratio of 2.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for KBR Credit Union decreased dramatically from 13.87% as of March 31, 2013 to 2.57% as of March 31, 2014, resulting in a positive change of 81.44%.This indicates that the balance sheet and financial strength for KBR Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, KBR Credit Union has increased its total deposits by $51,000, resulting in 0.26% 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 KBR Credit Union has shown is above 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. KBR Credit Union has $22.28 million in assets with $2.84 million in equity, resulting in a capitalization level of 12.73%, which is excellent.

Institution Statistics

Overall
NCUA #68326
Year Chartered1949
Employees3
Primary Regulator
Assets and Liabilities
Assets$22.28 million
Loans$10.36 million
Deposits$19.55 million
Equity Capital$2.72 million
Loan Loss Allowance$120,000
Unbacked Noncurrent Loans$73,000
Real Estate Owned$0
Historic Data - March 2013
Assets$21.91 million
Equity Capital$2.39 million
Loan Loss Allowance$281,000
Unbacked Noncurrent Loans$73,000
Real Estate Owned$99,000
Profit Margin - Quarterly
Return on Assets3.46%
Return on Equity28.42%
Interest Income$176,000
Rates
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KBR Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Share Savings

KBR Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-Share Draft
Locations


KBR Credit Union Locations
Branch Office803 E Portland AveTACOMA, WA 98421-3002