Kitsap Credit Union

155 Washington Ave
Bremerton , WA 98337
(800) 422-5852
www.kitsapcu.org

NCUA

OverView
Rates
Health
Reviews

Kitsap Credit Union is headquartered in Bremerton and is the 8^th largest credit union in the state of Washington. It is also the 210^st largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 315 employees and 93,412 members. Kitsap Credit Union has a 5-star health rating.

Kitsap Credit Union Routing Number: 325180223

Competitive 5-Year CD at Kitsap Credit Union in Washington State - 4/3/2012

Kitsap Credit Union just lowered its CD rates, but its 5-year CD remains competitive. It has a 2.05% APY for a $500 minimum deposit. It's available as both regular and IRA CDs. The early withdrawal pe ...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Kitsap Credit Union Checking Account Rates

	Apy	Min	Max	Product
	1.75%	-	$10k	Gold Checking

Kitsap Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	-	-	Roth IRA
0.40%	-	-	Traditional IRA
0.05%	$25	-	Regular Share
0.05%	$25	-	Holiday Savings
0.05%	$25	-	Youth Savings
0.05%	-	-	Kid's Club

Kitsap Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.25%	$100k	-	Money Market Account

Kitsap Credit Union CD Rates

Apy	Min	Max	Product
1.20%	$500	-	5 Year Share Certificate
0.90%	$500	-	5 Year Bump Share Certificate
0.85%	$500	-	4 Year Share Certificate
0.75%	$500	-	3 Year Share Certificate
0.60%	$500	-	4 Year Bump Share Certificate
0.55%	$500	-	3 Year Bump Share Certificate
0.45%	$500	-	2 Year Share Certificate
0.45%	$90k	-	Jumbo 1 year CD
0.35%	$50k	-	Mini Jumbo 6 month CD
0.30%	$500	-	18 Month Add-On Share Certificate
0.30%	$500	-	2 Year Bump Share Certificate
0.30%	$500	-	2 Year Add-On Share Certificate
0.20%	$500	-	1 Year Share Certificate
0.20%	$100	-	1 Year Youth Saver Certificates
0.15%	$500	-	6 Month Share Certificate
0.15%	$500	-	1 Year Bump Share Certificate
0.15%	$500	-	1 Year Add-On Share Certificate
0.15%	$100	-	6 Month Youth Saver Certificates

Kitsap Credit Union IRA Rates

Apy	Min	Max	Product
1.20%	$500	-	5 Year Roth IRA Share Certificate
1.20%	$500	-	5 Year IRA Share Certificate
0.90%	$500	-	5 Year Bump Roth IRA Share Certificate
0.90%	$500	-	5 Year Bump IRA Share Certificate
0.85%	$500	-	4 Year Roth IRA Share Certificate
0.85%	$500	-	4 Year IRA Share Certificate
0.75%	$500	-	3 Year Roth IRA Share Certificate
0.75%	$500	-	3 Year IRA Share Certificate
0.60%	$500	-	4 Year Bump Roth IRA Share Certificate
0.60%	$500	-	4 Year Bump IRA Share Certificate
0.55%	$500	-	3 Year Bump Roth IRA Share Certificate
0.55%	$500	-	3 Year Bump IRA Share Certificate
0.45%	$500	-	2 Year Roth IRA Share Certificate
0.45%	$90k	-	Jumbo 1 Year Roth IRA
0.45%	$90k	-	Jumbo 1 Year IRA
0.45%	$500	-	2 Year IRA Share Certificate
0.35%	$50k	-	Mini Jumbo 6 Month Roth IRA
0.35%	$50k	-	Mini Jumbo 6 Month IRA
0.30%	$500	-	18 Month Add-On Roth IRA Share Certificate
0.30%	$500	-	2 Year Add-On Roth IRA Share Certificate
0.30%	$500	-	2 Year Bump Roth IRA Share Certificate
0.30%	$500	-	18 Month Add-On IRA Share Certificate
0.30%	$500	-	2 Year Add-On IRA Share Certificate
0.30%	$500	-	2 Year Bump IRA Share Certificate
0.20%	$500	-	1 Year Roth IRA Share Certificate
0.20%	$500	-	1 Year IRA Share Certificate
0.15%	$500	-	6 Month Roth IRA Share Certificate
0.15%	$500	-	1 Year Add-On Roth IRA Share Certificate
0.15%	$500	-	1 Year Bump Roth IRA Share Certificate
0.15%	$500	-	6 Month IRA Share Certificate
0.15%	$500	-	1 Year Add-On IRA Share Certificate
0.15%	$500	-	1 Year Bump IRA Share Certificate

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

KITSAP
NCUA #	68576
BankRate Report	View
Year Chartered	1934
Employees	315
Primary Regulator
Assets and Liabilities
Assets	$963.05 million
Loans	$616.70 million
Deposits	$847.49 million
Equity Capital	$84.17 million
Loan Loss Allowance	$14.27 million
Unbacked Noncurrent Loans	$6.72 million
Real Estate Owned	$4.69 million
Historic Data - December 2011
Assets	$862.72 million
Equity Capital	$79.46 million
Loan Loss Allowance	$18.17 million
Unbacked Noncurrent Loans	$13.33 million
Real Estate Owned	$5.13 million
Profit Margin - Quarterly
Net Interest Margin	4.74%
Return on Assets	0.65%
Return on Equity	7.4%
Interest Income	$34.79 million
Non-Interest Income	$15.79 million

Institution Health

Overall Score:

5 out of 5

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, 2012 Kitsap Credit Union had $11.41 million in non-current loans and owned real-estate with $98.44 million in equity and loan loss allowances on hand to cover it. This gives Kitsap Credit Union a Texas Ratio of 11.59% 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 Kitsap Credit Union decreased slightly from 18.91% as of December 31, 2011 to 11.59% as of December 31, 2012, resulting in a positive change of 38.74%.This indicates that the balance sheet and financial strength for Kitsap Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Kitsap Credit Union has increased its total deposits by $95.65 million, resulting in 12.72% 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 Kitsap Credit Union has shown is excellent.
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. Kitsap Credit Union has $963.05 million in assets with $98.44 million in equity, resulting in a capitalization level of 10.22%, which is above average.