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Overview / Commentary
3107 John Stevens Way
Hoquiam, WA 98550

Longshore Credit Union is headquartered in Hoquiam and is the 99th largest credit union in the state of Washington. It is also the 5,412st largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 2 employees and 455 members. Longshore Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be a member of Local No. 24, International Longshore and Warehouse Union, Hoquiam, WA or be an employee of one of the several select groups. Also open to those who live, work, worship or attend school within the 2000 U.S. Census tracts 10, 12, 13, 14 and 15 in Grays Harbor County, WA. - See Details

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Data for Q1 2014

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. Longshore Credit Union has a very low asset base.

Texas Ratio


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 Longshore Credit Union had $17,000 in non-current loans and owned real-estate with $491,000 in equity and loan loss allowances on hand to cover it. This gives Longshore Credit Union a Texas Ratio of 3.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Longshore Credit Union experienced no significant changes from 1.47% as of March 31, 2013 to 3.46% as of March 31, 2014, resulting in a negative change of 135.44%. This indicates that the balance sheet and financial strength for Longshore Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Longshore Credit Union has increased its total deposits by $7,000, resulting in 0.18% 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 Longshore Credit Union has shown is above 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. Longshore Credit Union has $4.37 million in assets with $491,000 in equity, resulting in a capitalization level of 11.24%, which is excellent.

Institution Statistics

NCUA #13857
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$4.37 million
Loans$2.14 million
Deposits$3.83 million
Equity Capital$474,000
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$17,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.39 million
Equity Capital$532,000
Loan Loss Allowance$12,000
Unbacked Noncurrent Loans$17,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-1.01%
Return on Equity-9.28%
Interest Income$39,000
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Longshore Credit Union Savings Account Rates

0.02%--Regular Shares
0.02%--IRA Shares

Longshore Credit Union CD Rates

0.20%$500-24 Month CD
0.15%$500-12 Month CD
0.10%$500-9 Month CD
0.07%$500-6 Month CD

Longshore Credit Union IRA Rates

0.20%$1k-24 Month IRA
0.20%$1k-36 Month IRA

Longshore Credit Union Locations
Branch Office3107 John Stevens WayHoquiam, WA 98550