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Overview / Commentary
2605 Riverside Dr
Susanville, CA 96130

Lassen County Credit Union is headquartered in Susanville and is the 192nd largest credit union in the state of California. It is also the 2,088th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 12 employees and 5,059 members. Lassen County Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Lassen County, California. - See Details

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Data for Q4 2013

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. Lassen County Credit Union has a relatively low asset base.

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, 2013 Lassen County Credit Union had $0 in non-current loans and owned real-estate with $11.41 million in equity and loan loss allowances on hand to cover it. This gives Lassen County 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.

Deposit Growth


In the past year, Lassen County Credit Union has decreased its total deposits by -$1.62 million, resulting in -3.31% 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 Lassen County 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. Lassen County Credit Union has $58.89 million in assets with $11.41 million in equity, resulting in a capitalization level of 19.37%, which is excellent.

Institution Statistics

NCUA #17232
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$58.89 million
Loans$20.65 million
Deposits$47.27 million
Equity Capital$11.13 million
Loan Loss Allowance$274,000
Real Estate Owned$0
Historic Data - December 2012
Assets$60.58 million
Equity Capital$11.06 million
Loan Loss Allowance$193,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.59%
Return on Assets0.41%
Return on Equity2.16%
Interest Income$1.59 million
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Lassen County Credit Union Savings Account Rates

0.05%$25-IRA Share Savings Account
0.05%$25-Kid's Club Account
0.05%$25-Teen Club Account
0.05%$25-Christmas Club Account
0.05%$25-Basic Share Savings Account
0.05%$25-Roth IRA Share Savings Account

Lassen County Credit Union Money Market Rates

0.20%$100k-Freedom Money Market Account

Lassen County Credit Union CD Rates

1.15%$10k$25k60 Month Share Certificate
0.85%$10k-48 Month Share Certificate Special
0.55%$10k-35 Month Share Certificate Special
0.40%$50k-24 Month Share Certificate
0.40%$50k-30 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate
0.10%$1k-3 Month Share Certificate

Lassen County Credit Union Locations
Branch Office2605 Riverside DrSusanville, CA 96130