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Overview / Commentary
120 Firman St
Hoquiam, WA 98550-2006

Newrizons Credit Union is headquartered in Hoquiam and is the 86th largest credit union in the state of Washington. It is also the 4,285th largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 7 employees and 1,558 members. Newrizons Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Grays Harbor County. - See Details

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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. Newrizons Credit Union has a low asset base.

Texas Ratio

GRADE:
B+

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 Newrizons Credit Union had $152,000 in non-current loans and owned real-estate with $1.27 million in equity and loan loss allowances on hand to cover it. This gives Newrizons Credit Union a Texas Ratio of 11.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Newrizons Credit Union decreased dramatically from 26.22% as of March 31, 2013 to 11.94% as of March 31, 2014, resulting in a positive change of 54.46%.This indicates that the balance sheet and financial strength for Newrizons Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Newrizons Credit Union has increased its total deposits by $1.26 million, resulting in 14.1% 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 Newrizons 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. Newrizons Credit Union has $11.78 million in assets with $1.18 million in equity, resulting in a capitalization level of 9.97%, which is above average.

Institution Statistics

Overall
NCUA #16893
Year Chartered1965
Employees7
Primary Regulator
Assets and Liabilities
Assets$11.78 million
Loans$8.51 million
Deposits$10.22 million
Equity Capital$1.10 million
Secondary Capital$98,000
Loan Loss Allowance$75,000
Unbacked Noncurrent Loans$152,000
Real Estate Owned$0
Historic Data - March 2013
Assets$9.83 million
Equity Capital$721,000
Loan Loss Allowance$57,000
Unbacked Noncurrent Loans$152,000
Real Estate Owned$56,000
Profit Margin - Quarterly
Net Interest Margin1.86%
Return on Assets0.48%
Return on Equity5.09%
Interest Income$169,000
Rates

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Newrizons Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$1k-Savings Account
0.25%$100-IRA Daily Account
0.25%$100-Roth IRA Daily Account
0.25%$100-SEP IRA Daily Account

Newrizons Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$2k-Money Market Account

Newrizons Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Checking Account

Newrizons Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.66%$25k-60 Month CD
1.01%$10k-36 Month CD
0.95%$10k-30 Month CD
0.80%$10k-24 Month CD
0.55%$10k-18 Month CD
0.35%$10k-12 Month CD
0.25%$10k-6 Month CD

Newrizons Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%$10k-30 Month IRA
0.95%$10k-18 Month IRA
Locations


Newrizons Credit Union Locations
Branch Office120 Firman StHoquiam, WA 98550-2006