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Overview / Commentary
120 Firman Street
Hoquiam, WA 98550

Newrizons Credit Union is headquartered in HOQUIAM and is the 89th largest credit union in the state of Washington. It is also the 4,375th largest credit union in the nation. It was established in 1965 and as of December of 2013, it had grown to 6 employees and 1,489 members. Newrizons Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Grays Harbor County. - 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. Newrizons 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 Newrizons Credit Union had $187,000 in non-current loans and owned real-estate with $914,000 in equity and loan loss allowances on hand to cover it. This gives Newrizons Credit Union a Texas Ratio of 20.46% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Newrizons Credit Union decreased dramatically from 31.18% as of December 31, 2012 to 20.46% as of December 31, 2013, resulting in a positive change of 34.38%.This indicates that the balance sheet and financial strength for Newrizons Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Newrizons Credit Union has increased its total deposits by $1.9 million, resulting in 24.11% 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 Newrizons Credit Union has shown is excellent.



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 $10.78 million in assets with $848,000 in equity, resulting in a capitalization level of 7.87%, which is below average.

Institution Statistics

NCUA #16893
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$10.78 million
Loans$8.61 million
Deposits$9.80 million
Equity Capital$785,000
Secondary Capital$66,000
Loan Loss Allowance$63,000
Unbacked Noncurrent Loans$187,000
Real Estate Owned$0
Historic Data - December 2012
Assets$8.67 million
Equity Capital$725,000
Loan Loss Allowance$64,000
Unbacked Noncurrent Loans$187,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.54%
Return on Assets0.56%
Return on Equity7.64%
Interest Income$621,000

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