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Overview / Commentary
(800) 6-NORDCU (666-7328)
4221 Winslow Pl N
Seattle, WA 98103

Nordstrom Credit Union is headquartered in Seattle and is the 57th largest credit union in the state of Washington. It is also the 2,329th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 13 employees and 7,311 members. Nordstrom Credit Union has a B health rating.

Field of Membership Restrictions

Must be a Nordstrom employee. - See Details

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Data for Q1 2014

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. Nordstrom Credit Union has a low asset base.

Texas Ratio


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 Nordstrom Credit Union had $69,000 in non-current loans and owned real-estate with $4.36 million in equity and loan loss allowances on hand to cover it. This gives Nordstrom Credit Union a Texas Ratio of 1.58% 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 Nordstrom Credit Union decreased dramatically from 5.28% as of March 31, 2013 to 1.58% as of March 31, 2014, resulting in a positive change of 69.98%.This indicates that the balance sheet and financial strength for Nordstrom Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Nordstrom Credit Union has decreased its total deposits by $-599,000, resulting in -1.33% 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 Nordstrom 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. Nordstrom Credit Union has $48.77 million in assets with $4.36 million in equity, resulting in a capitalization level of 8.93%, which is average.

Institution Statistics

NCUA #1788
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$48.77 million
Loans$17.46 million
Deposits$44.42 million
Equity Capital$4.22 million
Loan Loss Allowance$139,000
Unbacked Noncurrent Loans$69,000
Real Estate Owned$0
Historic Data - March 2013
Assets$49.17 million
Equity Capital$4.03 million
Loan Loss Allowance$231,000
Unbacked Noncurrent Loans$69,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.54%
Return on Assets0.38%
Return on Equity4.36%
Interest Income$328,000

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Nordstrom Credit Union Savings Account Rates

0.25%--IRA Savings Account
0.10%$1k-Savings Account

Nordstrom Credit Union Money Market Rates

0.25%$100k-Money Market Account

Nordstrom Credit Union Checking Account Rates

0.10%$1k-Smart Start Checking Account

Nordstrom Credit Union CD Rates

0.30%$50k-12 Month Share Certificate
0.20%$50k-6 Month Share Certificate

Nordstrom Credit Union IRA Rates

0.30%$50k-12 Month IRA Certificate
0.20%$50k-6 Month IRA Certificate

Nordstrom Credit Union Locations
Branch Office4221 Winslow Pl NSeattle, WA 98103
Branch Office1617 6th Ave Fl 5Seattle, WA 98101
Branch Office4221 Winslow Pl NSeattle, WA 98103