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Longshoremen's Local 4 Credit Union

Overview / Commentary
360-694-7751
P.O. Box 61629
Vancouver, WA 98666

Longshoremen's Local 4 Credit Union is headquartered in Vancouver and is the 77th largest credit union in the state of Washington. It is also the 3,394th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 4 employees and 1,173 members. Longshoremen's Local 4 Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an active or former employee of the International Longshore and Warehouse Union Local 4 in Vancouver, Washington. - See Details

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Health

Data for Q4 2013

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. Longshoremen's Local 4 Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Longshoremen's Local 4 Credit Union had $4,000 in non-current loans and owned real-estate with $4.6 million in equity and loan loss allowances on hand to cover it. This gives Longshoremen's Local 4 Credit Union a Texas Ratio of 0.09% 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 Longshoremen's Local 4 Credit Union decreased dramatically from 0.54% as of December 31, 2012 to 0.09% as of December 31, 2013, resulting in a positive change of 83.96%.This indicates that the balance sheet and financial strength for Longshoremen's Local 4 Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Longshoremen's Local 4 Credit Union has increased its total deposits by $1.18 million, resulting in 7.34% 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 Longshoremen's Local 4 Credit Union has shown is excellent.

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. Longshoremen's Local 4 Credit Union has $21.77 million in assets with $4.6 million in equity, resulting in a capitalization level of 21.15%, which is excellent.

Institution Statistics

Overall
NCUA #10799
Year Chartered1956
Employees4
Primary Regulator
Assets and Liabilities
Assets$21.77 million
Loans$8.21 million
Deposits$17.23 million
Equity Capital$4.55 million
Loan Loss Allowance$50,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Historic Data - December 2012
Assets$20.51 million
Equity Capital$4.40 million
Loan Loss Allowance$31,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.39%
Return on Assets0.71%
Return on Equity3.38%
Interest Income$742,000
Rates
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Longshoremen's Local 4 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA Savings Account
0.20%--Roth IRA Savings Account
0.20%--Education IRA Savings Account
0.05%--Regular Savings Account

Longshoremen's Local 4 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$2,500-Money Market Account

Longshoremen's Local 4 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.30%$1k-24 Month Share Certificate (compounded)
0.20%$1k-12 Month Share Certificate (compounded)
0.10%$1k-6 Month Share Certificate (simple)
Locations


Longshoremen's Local 4 Credit Union Locations
Branch Office1209 Ingalls StVancouver, WA 98660-2722