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Overview / Commentary
208-882-0232
912 S Washington St
Moscow, ID 83843-3150

Latah Credit Union is headquartered in Moscow and is the 15st largest credit union in the state of Idaho. It is also the 1,880th largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 14 employees and 6,664 members. Latah Credit Union has a B+ health rating.

Field of Membership Restrictions

Anyone who live, work, volunteer, worship, do business in, or go to school in Latah County, Idaho and to students enrolled in a unified program of study at the University of Idaho. - 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. Latah Credit Union has a relatively 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 Latah Credit Union had $26,000 in non-current loans and owned real-estate with $5.84 million in equity and loan loss allowances on hand to cover it. This gives Latah Credit Union a Texas Ratio of 0.45% 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 Latah Credit Union decreased dramatically from 0.95% as of March 31, 2013 to 0.45% as of March 31, 2014, resulting in a positive change of 52.95%.This indicates that the balance sheet and financial strength for Latah Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Latah Credit Union has increased its total deposits by $4.94 million, resulting in 8.12% 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 Latah Credit Union 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. Latah Credit Union has $71.71 million in assets with $5.84 million in equity, resulting in a capitalization level of 8.14%, which is average.

Institution Statistics

Overall
NCUA #19564
Year Chartered1969
Employees14
Primary Regulator
Assets and Liabilities
Assets$71.71 million
Loans$30.27 million
Deposits$65.84 million
Equity Capital$5.75 million
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Historic Data - March 2013
Assets$66.96 million
Equity Capital$5.94 million
Loan Loss Allowance$80,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.26%
Return on Equity3.2%
Interest Income$520,000
Rates
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Latah Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$2,500-Everyday Supershare Account
0.20%$25-Regular Savings Account
0.20%$25-Medical Savings Account
0.20%$100-IRA Savings Account

Latah Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.76%$1k-60 Month CD
1.41%$1k-48 Month CD
1.00%$1k-36 Month CD
0.65%$1k-24 Month CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD

Latah Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.76%$100-60 Month IRA
1.41%$100-48 Month IRA
1.00%$100-36 Month IRA
0.65%$100-24 Month IRA
0.40%$100-12 Month IRA
0.30%$100-6 Month IRA
Locations


Latah Credit Union Locations
Branch Office168 Hwy 6Potlatch, ID 83855
Branch Office912 S Washington StMoscow, ID 83843-3150
Branch Office875 Line StMoscow, ID 83844
Branch Office602 E Main StKendrick, ID 83537-5002