Our Community Credit Union is headquartered in Shelton and is the 26th largest credit union in the state of Washington. It is also the 712st largest credit union in the nation. It was established in 1941 and as of September of 2013, it had grown to 84 employees and 25,481 members. Our Community Credit Union's savings rates are 94% higher than the national average, and it boasts a A+ health rating.
Must live, work or attend school in the State of Washington. - See Details
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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, 2013 Our Community Credit Union had $503,000 in non-current loans and owned real-estate with $34.48 million in equity and loan loss allowances on hand to cover it. This gives Our Community Credit Union a Texas Ratio of 1.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Our Community Credit Union decreased dramatically from 2.56% as of September 30, 2012 to 1.46% as of September 30, 2013, resulting in a positive change of 42.96%.This indicates that the balance sheet and financial strength for Our Community Credit Union has improved dramatically in recent periods.
In the past year, Our Community Credit Union has increased its total deposits by $6.58 million, resulting in 2.81% 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 Our Community Credit Union has shown is above 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. Our Community Credit Union has $281.37 million in assets with $34.48 million in equity, resulting in a capitalization level of 12.25%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$32.61 million|
|Loan Loss Allowance||$1.87 million|
|Unbacked Noncurrent Loans||$432,000|
|Real Estate Owned||$71,000|
|Historic Data - September 2012|
|Equity Capital||$29.70 million|
|Loan Loss Allowance||$1.93 million|
|Unbacked Noncurrent Loans||$432,000|
|Real Estate Owned||$288,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.4%|
|Return on Assets||0.73%|
|Return on Equity||6.31%|
|Interest Income||$8.42 million|
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|1.01%||$50||-||Roth IRA Savings|
|1.01%||$50||-||Education IRA Savings|
|1.31%||$1k||-||4 Year Share Certificate|
|1.00%||$1k||-||3 Year Share Certificate|
|0.85%||$1k||-||2 Year Share Certificate|
|0.50%||$1k||-||1 Year Share Certificate|
|0.50%||$1k||-||1 Year Launch Savings Certificate|
|0.40%||$1k||-||6 Month Share Certificate|
|1.31%||$1k||-||4 Year Education IRA Certificate|
|1.31%||$1k||-||4 Year IRA Certificate|
|1.31%||$1k||-||4 Year Roth IRA Certificate|
|1.00%||$1k||-||3 Year IRA Certificate|
|1.00%||$1k||-||3 Year Roth IRA Certificate|
|1.00%||$1k||-||3 Year Education IRA Certificate|
|0.85%||$1k||-||2 Year IRA Certificate|
|0.85%||$1k||-||2 Year Roth IRA Certificate|
|0.85%||$1k||-||2 Year Education IRA Certificate|
|0.50%||$1k||-||1 Year IRA Certificate|
|0.50%||$1k||-||1 Year Roth IRA Certificate|
|0.50%||$1k||-||1 Year Education IRA Certificate|
|0.40%||$1k||-||6 Month IRA Certificate|
|0.40%||$1k||-||6 Month Roth IRA Certificate|
|0.40%||$1k||-||6 Month Education IRA Certificate|
|Our Community Credit Union Locations|
|Branch Office||306 S 7th Street PO BOX 618||Elma, WA 98541|
|Branch Office||320 E Dalby Rd Ste A||Union, WA 98592|
|Branch Office||211 E Pioneer Ave STE B||Montesano, WA 98563|
|Branch Office||526 W Cedar St||Shelton, WA 98584|
|Branch Office||2948 Olympic Hwy N||Shelton, WA 98584|
|Branch Office||424 W Simpson Ave||McCleary, WA 98557|