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Overview / Commentary
360-425-5444
3325 Washington Way
Longview, WA 98632

Mint Valley Credit Union is headquartered in Longview and is the 81st largest credit union in the state of Washington. It is also the 3,829th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 5 employees and 1,912 members. Mint Valley Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Cowlitz County, 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. Mint Valley 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 Mint Valley Credit Union had $196,000 in non-current loans and owned real-estate with $3.15 million in equity and loan loss allowances on hand to cover it. This gives Mint Valley Credit Union a Texas Ratio of 6.22% 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 Mint Valley Credit Union decreased dramatically from 12.04% as of December 31, 2012 to 6.22% as of December 31, 2013, resulting in a positive change of 48.34%.This indicates that the balance sheet and financial strength for Mint Valley Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Mint Valley Credit Union has decreased its total deposits by $-843,000, resulting in -6.11% 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 Mint Valley Credit Union has shown is below 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. Mint Valley Credit Union has $15.93 million in assets with $3.15 million in equity, resulting in a capitalization level of 19.79%, which is excellent.

Institution Statistics

Overall
NCUA #1827
Year Chartered1936
Employees5
Primary Regulator
Assets and Liabilities
Assets$15.93 million
Loans$10.89 million
Deposits$12.95 million
Equity Capital$2.95 million
Loan Loss Allowance$206,000
Unbacked Noncurrent Loans$196,000
Real Estate Owned$0
Historic Data - December 2012
Assets$17.03 million
Equity Capital$2.95 million
Loan Loss Allowance$47,000
Unbacked Noncurrent Loans$196,000
Real Estate Owned$80,000
Profit Margin - Quarterly
Net Interest Margin5.37%
Return on Assets-1.64%
Return on Equity-8.86%
Interest Income$651,000
Rates
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Mint Valley Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$50-IRA Savings
0.15%$25-Regular Share
0.15%--Savings Safari Club
0.15%--Christmas Club Savings

Mint Valley Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$1k-Money Market Savings

Mint Valley Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.45%$50k-12 Month Jumbo CD
0.45%$1k-18 Month CD
0.40%$1k-12 Month CD
0.25%$500-6 Month CD
0.25%$250-6 Month Super Savers Plus CD
Locations


Mint Valley Credit Union Locations
Branch Office3325 Washington WayLongview, WA 98632