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Overview / Commentary
360-423-2770
629 14th Ave
Longview, WA 98632

Lower Columbia Longshoremen Credit Union is headquartered in Longview and is the 45th largest credit union in the state of Washington. It is also the 1,982nd largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 12 employees and 4,091 members. Lower Columbia Longshoremen Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a member of AFSCME Local 1262 or other select unions. - 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. Lower Columbia Longshoremen Credit Union has a relatively 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 Lower Columbia Longshoremen Credit Union had $436,000 in non-current loans and owned real-estate with $6.38 million in equity and loan loss allowances on hand to cover it. This gives Lower Columbia Longshoremen Credit Union a Texas Ratio of 6.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Lower Columbia Longshoremen Credit Union experienced no significant changes from 2.71% as of December 31, 2012 to 6.83% as of December 31, 2013, resulting in a negative change of 152.00%. This indicates that the balance sheet and financial strength for Lower Columbia Longshoremen Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Lower Columbia Longshoremen Credit Union has increased its total deposits by $4.07 million, resulting in 7.58% 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 Lower Columbia Longshoremen Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Lower Columbia Longshoremen Credit Union has $64.14 million in assets with $6.38 million in equity, resulting in a capitalization level of 9.96%, which is above average.

Institution Statistics

Overall
NCUA #9289
Year Chartered1954
Employees12
Primary Regulator
Assets and Liabilities
Assets$64.14 million
Loans$34.50 million
Deposits$57.79 million
Equity Capital$6.20 million
Loan Loss Allowance$181,000
Unbacked Noncurrent Loans$436,000
Real Estate Owned$0
Historic Data - December 2012
Assets$59.82 million
Equity Capital$5.85 million
Loan Loss Allowance$281,000
Unbacked Noncurrent Loans$436,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.21%
Return on Assets0.56%
Return on Equity5.77%
Interest Income$2.06 million
Rates
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Lower Columbia Longshoremen Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Emergency Funds
0.10%--Regular Share Account
0.10%--Sub Share Account
0.10%--IBEW Vacation Account
0.10%--ILWU Dues Account
0.10%--Christmas Club Account
0.10%--IRA Share Account

Lower Columbia Longshoremen Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%--Money Market Account

Lower Columbia Longshoremen Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%--2 Year CD
0.30%--1 Year CD
0.20%--6 Month CD

Lower Columbia Longshoremen Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%--2 Year IRA
0.30%--1 Year IRA
0.20%--6 Month IRA
Locations


Lower Columbia Longshoremen Credit Union Locations
Branch Office629 14th AveLongview, WA 98632-1603