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Overview / Commentary
509-837-5295
301 S 7th St
Sunnyside, WA 98944-1502

Lower Valley Credit Union is headquartered in Sunnyside and is the 46th largest credit union in the state of Washington. It is also the 2,015st largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 28 employees and 8,805 members. Lower Valley Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Lower Valley Credit Union is open to all who live, work, worship, or go to school within a school district located in the State of Washington. Membership also includes relatives of those listed above. - See Details

Related Posts

Lower Valley CU Raises 3-Year and 5-Year CD Rates to Competitive Levels - 8/1/2014

Lower Valley Credit Union recently raised the rates of its 3-Year and 5-Year CDs to competitive levels. Membership is available to all residents of Washington State.

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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. Lower Valley 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 Lower Valley Credit Union had $213,000 in non-current loans and owned real-estate with $7.66 million in equity and loan loss allowances on hand to cover it. This gives Lower Valley Credit Union a Texas Ratio of 2.78% 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 Valley Credit Union experienced no significant changes from 1.67% as of March 31, 2013 to 2.78% as of March 31, 2014, resulting in a negative change of 66.55%. This indicates that the balance sheet and financial strength for Lower Valley Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Lower Valley Credit Union has increased its total deposits by $1.47 million, resulting in 2.69% 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 Valley Credit Union has shown is above average.

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. Lower Valley Credit Union has $64.33 million in assets with $7.66 million in equity, resulting in a capitalization level of 11.91%, which is excellent.

Institution Statistics

Overall
NCUA #68304
Year Chartered1958
Employees28
Primary Regulator
Assets and Liabilities
Assets$64.33 million
Loans$42.14 million
Deposits$55.93 million
Equity Capital$7.44 million
Loan Loss Allowance$229,000
Unbacked Noncurrent Loans$213,000
Real Estate Owned$0
Historic Data - March 2013
Assets$62.29 million
Equity Capital$7.09 million
Loan Loss Allowance$159,000
Unbacked Noncurrent Loans$213,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.59%
Return on Equity5.11%
Interest Income$839,000
Rates
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Lower Valley Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-Passbook Savings

Lower Valley Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.27%$500-60 Month Share Certificate
1.81%$500-36 Month Share Certificate
1.16%$500-24 Month Share Certificate
1.10%$500-18 Month Share Certificate
0.90%$500-12 Month Share Certificate
0.55%$500-6 Month Share Certificate
0.35%$500-3 Month Share Certificate

Lower Valley Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.27%$500-60 Month IRA Certificate
1.81%$500-36 Month IRA Certificate
1.16%$500-24 Month IRA Certificate
1.10%$500-18 Month IRA Certificate
0.90%$500-12 Month IRA Certificate
0.55%$500-6 Month IRA Certificate
Locations


Lower Valley Credit Union Locations
Branch Office580 Wine Country RdProsser, WA 99350-9548
Branch Office1019 W Wine Country RdGrandview, WA 98930
Branch Office301 S 7th StSunnyside, WA 98944-1502