Old West Federal Credit Union is headquartered in John Day and is the 24th largest credit union in the state of Oregon. It is also the 1,333rd largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 51 employees and 9,843 members. Old West Federal Credit Union's savings rates are 94% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Today we serve 8 eastern Oregon counties. Our charter covers Grant, Baker, Union, Wallowa, Umatilla, Morrow, Wheeler and Harney counties. - See Details
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Data for Q1 2014
Institution Health
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 Old West Federal Credit Union had $5.54 million in non-current loans and owned real-estate with $12.43 million in equity and loan loss allowances on hand to cover it. This gives Old West Federal Credit Union a Texas Ratio of 44.55% 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 Old West Federal Credit Union decreased dramatically from 101.57% as of March 31, 2013 to 44.55% as of March 31, 2014, resulting in a positive change of 56.14%.This indicates that the balance sheet and financial strength for Old West Federal Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Old West Federal Credit Union has increased its total deposits by $1.66 million, resulting in 1.54% 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 Old West Federal 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. Old West Federal Credit Union has $122.09 million in assets with $12.43 million in equity, resulting in a capitalization level of 10.18%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 12012 |
| Year Chartered | 1957 |
| Employees | 51 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $122.09 million |
| Loans | $68.14 million |
| Deposits | $109.29 million |
| Equity Capital | $11.64 million |
| Loan Loss Allowance | $790,000 |
| Unbacked Noncurrent Loans | $3.70 million |
| Real Estate Owned | $1.83 million |
| Historic Data - March 2013 | |
|---|---|
| Assets | $121.26 million |
| Equity Capital | $12.82 million |
| Loan Loss Allowance | $1.27 million |
| Unbacked Noncurrent Loans | $3.70 million |
| Real Estate Owned | $4.64 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.52% |
| Return on Assets | 0.62% |
| Return on Equity | 6.53% |
| Interest Income | $1.14 million |
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Old West Federal Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.01% | - | - | Traditional IRA | |
| 1.01% | - | - | Roth IRA | |
| 1.01% | - | - | Coverdell Educational Savings | |
| 1.01% | - | - | SEP IRA | |
| 0.15% | - | - | Christmas Club Savings | |
| 0.05% | - | - | Personal Savings with Life Insurance | |
| 0.05% | - | - | Personal Savings with No Life Insurance |
Old West Federal Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Money Market Account |
Old West Federal Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.01% | - | $15k | Grow Green Checking - Qualifying | |
| 0.05% | - | - | Grow Green Checking - Non Qualifying |
Old West Federal Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.06% | $50k | - | 60 Month CD | |
| 0.20% | $10k | - | 30 Month CD | |
| 0.10% | $100 | - | 18 Month CD | |
| 0.05% | $1k | - | 91 Day CD | |
| 0.05% | $500 | - | 182 Day CD | |
| 0.05% | $500 | - | 12 Month CD |
Old West Federal Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.06% | $50k | - | 60 Month IRA | |
| 0.20% | $10k | - | 30 Month IRA | |
| 0.10% | $100 | - | 18 Month IRA | |
| 0.05% | $1k | - | 91 Day IRA | |
| 0.05% | $500 | - | 182 Day IRA | |
| 0.05% | $500 | - | 12 Month IRA |
| Old West Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1739 N 1st St | Hermiston, OR 97838 |
| Branch Office | 2036 Broadway St | Baker City, OR 97814-3342 |
| Branch Office | 650 W Main St | John Day, OR 97845 |
| Branch Office | 800 SW Dorion Ave | Pendleton, OR 97801-1934 |