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Northwest Baptist Credit Union

Northwest Baptist Credit Union
Overview / Commentary
206-322-1604
1823 E Madison St Ste 1604
Seattle, WA 98122

Northwest Baptist Credit Union is headquartered in SEATTLE and is the 100th largest credit union in the state of Washington. It is also the 5,481st largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 986 members. Northwest Baptist Credit Union has a F health rating.

Field of Membership Restrictions

If you work, live, go to church or attend school in central Seattle, you are probably eligible to become a member of Northwest Baptist FCU. - See Details

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Health

Data for Q4 2013

Institution Health

F
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northwest Baptist Credit Union has a very low asset base.

Texas Ratio

GRADE:
F

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 Northwest Baptist Credit Union had $769,000 in non-current loans and owned real-estate with $276,000 in equity and loan loss allowances on hand to cover it. This gives Northwest Baptist Credit Union a Texas Ratio of 278.62% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Northwest Baptist Credit Union increased slightly from 80.25% as of December 31, 2012 to 278.62% as of December 31, 2013, resulting in a negative change of 247.19%. This indicates that the balance sheet and financial strength for Northwest Baptist Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Northwest Baptist Credit Union has decreased its total deposits by $-905,000, resulting in -19.17% 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 Northwest Baptist Credit Union has shown is poor.

Capitalization

GRADE:
C-

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. Northwest Baptist Credit Union has $4.04 million in assets with $276,000 in equity, resulting in a capitalization level of 6.82%, which is below average.

Institution Statistics

Overall
NCUA #12281
Year Chartered1958
Employees0
Primary Regulator
Assets and Liabilities
Assets$4.04 million
Loans$2.81 million
Deposits$3.82 million
Equity Capital$207,000
Loan Loss Allowance$69,000
Unbacked Noncurrent Loans$546,000
Real Estate Owned$223,000
Historic Data - December 2012
Assets$5.10 million
Equity Capital$357,000
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$546,000
Real Estate Owned$278,000
Profit Margin - Quarterly
Net Interest Margin6.24%
Return on Assets-2.6%
Return on Equity-50.72%
Interest Income$201,000
Rates

Sorry, we do not have rate data for Northwest Baptist Credit Union

Locations


Northwest Baptist Credit Union Locations
Branch Office4017 50th Ave SSEATTLE, WA 98118
Branch Office1823 E Madison St Ste 1604SEATTLE, WA 981227515