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Overview / Commentary
2516 W Marine View Dr
Everett, WA 98201

Mill Town Credit Union is headquartered in EVERETT and is the 61st largest credit union in the state of Washington. It is also the 2,381st largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 8 employees and 2,719 members. Mill Town Credit Union's savings rates are 10X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Kimberly-Clark Corporation. Also open to those who live, work, worship or attend school in Anacortes, Arlington, Bellingham, Burlington-Edison, Concrete, Conway, Coupeville, Darrington, Edmonds, Everett, Granite Falls, Index, La Conner, Lake Stevens, Lakewood, Marysville, Monroe, Mount Vernon, Mukilteo, Oak Harbor, Sedro Woolley, Skykomish, Snohomish, South Whidbey, Stanwood-Camano or Sultan. - See Details

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Data for Q4 2013

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. Mill Town Credit Union has a low asset base.

Texas Ratio


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 Mill Town Credit Union had $606,000 in non-current loans and owned real-estate with $11.06 million in equity and loan loss allowances on hand to cover it. This gives Mill Town Credit Union a Texas Ratio of 5.48% 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 Mill Town Credit Union experienced no significant changes from 3.54% as of December 31, 2012 to 5.48% as of December 31, 2013, resulting in a negative change of 54.91%. This indicates that the balance sheet and financial strength for Mill Town Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Mill Town Credit Union has decreased its total deposits by $-368,000, resulting in -1.05% 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 Mill Town Credit Union has shown is 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. Mill Town Credit Union has $45.76 million in assets with $11.06 million in equity, resulting in a capitalization level of 24.17%, which is excellent.

Institution Statistics

NCUA #68222
Year Chartered1939
Primary Regulator
Assets and Liabilities
Assets$45.76 million
Loans$20.49 million
Deposits$34.53 million
Equity Capital$10.76 million
Loan Loss Allowance$301,000
Unbacked Noncurrent Loans$606,000
Real Estate Owned$0
Historic Data - December 2012
Assets$45.68 million
Equity Capital$10.40 million
Loan Loss Allowance$312,000
Unbacked Noncurrent Loans$606,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.11%
Return on Assets0.78%
Return on Equity3.3%
Interest Income$1.55 million
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Mill Town Credit Union Savings Account Rates

5.41%--Super Youth Account
0.30%$50-Share Savings Account
0.30%$50-Christmas Club Account
0.30%$50-Vacation Club Account
0.30%$50-Sub-Share Account

Mill Town Credit Union Checking Account Rates

0.05%--Share Draft Account

Mill Town Credit Union CD Rates

0.85%$2,500-36 Month CD
0.45%$2,500-12 Month CD
0.30%$2,500-6 Month CD

Mill Town Credit Union Locations
Branch Office2516 W Marine View DrEverett, WA 98201-2730