NorthWest Plus Credit Union

2821 Hewitt Ave
Everett, WA 98201
(800) 456-6481
www.nwpluscu.com

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NorthWest Plus Credit Union is headquartered in Everett and is the 32^nd largest credit union in the state of Washington. It is also the 1,047^th largest credit union in the nation. It was established in 1939 and as of September of 2011, it had grown to 46 employees and 16,714 members. NorthWest Plus Credit Union has a 3-star health rating.

Rate Drop For Rewards Checking (Forum) - 12/7/2010

NW Plus CU, effective today, dropped their Rewards Checking Account interest rate to 2.01 APY. It has been at 2.26 for about a year, just after I opened my account here at an even higher rate. That being said, 2.01 is still competitive and I have

3.01% Reward Checking Account at a Washington State CU (NorthWest Plus) - 7/30/2008

Update 8/23/09: It has been reported that the top rate is scheduled to fall to 3.01% APY starting September 1, 2009. Refer to the bottom of the post for the rate history.NorthWest Plus Credit Union is offering a rewards checking account that pays 3.01%...

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See Rates for: Checking | Savings | Money Market | CD | IRA

NorthWest Plus Credit Union Checking Account Rates

	Apy	Min	Max	Product
	2.01%	-	$25k	Rewards Checking

NorthWest Plus Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Christmas Club
0.10%	$25	-	Regular Savings
0.10%	-	-	Youth Savings
0.00%	-	-	IRA Savings
0.00%	-	-	Roth IRA Savings
0.00%	-	-	CESA Savings

NorthWest Plus Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.20%	$2k	-	Money Market Account

NorthWest Plus Credit Union CD Rates

Apy	Min	Max	Product
1.46%	$100k	-	48 - 60 Month CD
1.46%	$100k	-	48 - 60 Month Youth CD
1.26%	$100k	-	36 - 47 Month CD
1.26%	$100k	-	36 - 47 Month Youth CD
0.95%	$100k	-	24 - 35 Month CD
0.95%	$100k	-	24 - 35 Month Youth CD
0.65%	$100k	-	12 - 23 Month CD
0.65%	$100k	-	12 - 23 Month Youth CD
0.40%	$100k	-	6 - 11 Month CD
0.40%	$100k	-	6 - 11 Month Youth CD
0.30%	$100k	-	3 - 5 Month CD
0.30%	$100k	-	3 - 5 Month Youth CD

NorthWest Plus Credit Union IRA Rates

Apy	Min	Max	Product
1.46%	$100k	-	48 - 60 Month IRA
1.46%	$100k	-	48 - 60 Month Roth IRA
1.46%	$100k	-	48 - 60 Month CESA
1.26%	$100k	-	36 - 47 Month IRA
1.26%	$100k	-	36 - 47 Month Roth IRA
1.26%	$100k	-	36 - 47 Month CESA
0.95%	$100k	-	24 - 35 Month IRA
0.95%	$100k	-	24 - 35 Month Roth IRA
0.95%	$100k	-	24 - 35 Month CESA
0.65%	$100k	-	12 - 23 Month IRA
0.65%	$100k	-	12 - 23 Month Roth IRA
0.65%	$100k	-	12 - 23 Month CESA
0.40%	$100k	-	6 - 11 Month IRA
0.40%	$100k	-	6 - 11 Month Roth IRA
0.40%	$100k	-	6 - 11 Month CESA
0.30%	$100k	-	3 - 5 Month IRA
0.30%	$100k	-	3 - 5 Month Roth IRA
0.30%	$100k	-	3 - 5 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

NORTHWEST PLUS
NCUA #	67262
BankRate Report	View
Year Established	1939
Employees	46
Primary Regulator
Assets and Liabilities
Assets	$151.58 million
Loans	$85.87 million
Deposits	$136.11 million
Equity Capital	$14.37 million
Loan Loss Allowance	$1.31 million
Unbacked Noncurrent Loans	$2.13 million
Real Estate Owned	$1.24 million
Historic Data - September 2010
Assets	$145.97 million
Equity Capital	$13.16 million
Loan Loss Allowance	$1.09 million
Unbacked Noncurrent Loans	$1.31 million
Real Estate Owned	$274,000
Profit Margin - Quarterly
Net Interest Margin	4.76%
Return on Assets	0.86%
Return on Equity	9.11%
Interest Income	$4.93 million
Non-Interest Income	$2.47 million

Institution Health

Overall Score:

3 out of 5

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 September 30, 2011 NorthWest Plus Credit Union had $3.37 million in non-current loans and owned real-estate with $15.68 million in equity and loan loss allowances on hand to cover it. This gives NorthWest Plus Credit Union a Texas Ratio of 21.48% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for NorthWest Plus Credit Union increased slightly from 11.12% as of September 30, 2010 to 21.48% as of September 30, 2011, resulting in a negative change of 93.12%. This indicates that the balance sheet and financial strength for NorthWest Plus Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, NorthWest Plus Credit Union has increased its total deposits by $4.78 million, resulting in 3.64% 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 Plus Credit Union has shown is above average.
Capitalization
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 Plus Credit Union has $151.58 million in assets with $15.68 million in equity, resulting in a capitalization level of 10.34%, which is above average.