Peninsula Community Credit Union is headquartered in Shelton and is the 34th largest credit union in the state of Washington. It is also the 1,162nd largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 56 employees and 17,045 members. Peninsula Community Credit Union has a B+ health rating.
Everyone who lives, works, worships, goes to school in Kitsap, Mason, Jefferson, Clallam or Grays Harbor County and/or the immediate family related to a current member is eligible to join. - See Details
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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 Peninsula Community Credit Union had $516,000 in non-current loans and owned real-estate with $12.34 million in equity and loan loss allowances on hand to cover it. This gives Peninsula Community Credit Union a Texas Ratio of 4.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Peninsula Community Credit Union decreased dramatically from 7.34% as of March 31, 2013 to 4.18% as of March 31, 2014, resulting in a positive change of 43.03%.This indicates that the balance sheet and financial strength for Peninsula Community Credit Union has improved dramatically in recent periods.
In the past year, Peninsula Community Credit Union has decreased its total deposits by -$3.18 million, resulting in -2.28% 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 Peninsula Community 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. Peninsula Community Credit Union has $148.71 million in assets with $12.34 million in equity, resulting in a capitalization level of 8.30%, which is average.
|Assets and Liabilities|
|Equity Capital||$11.57 million|
|Loan Loss Allowance||$764,000|
|Unbacked Noncurrent Loans||$244,000|
|Real Estate Owned||$272,000|
|Historic Data - March 2013|
|Equity Capital||$11.51 million|
|Loan Loss Allowance||$986,000|
|Unbacked Noncurrent Loans||$244,000|
|Real Estate Owned||$36,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.15%|
|Return on Assets||0.06%|
|Return on Equity||0.76%|
|Interest Income||$1.37 million|
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|0.25%||-||-||Basic Savings IRA|
|0.25%||-||-||Basic Savings Roth IRA|
|0.25%||-||-||Basic Savings CESA|
|0.13%||$50k||-||Shares Plus - Market Rate Account|
|1.25%||-||$20k||Vista Checking Account - Qualifying|
|0.01%||-||-||Vista Checking Account - Non Qualifying|
|1.20%||$500||-||60 Month Certificate|
|0.90%||$500||-||48 Month Certificate|
|0.70%||$500||-||36 Month Certificate|
|0.45%||$500||-||24 Month Certificate|
|0.45%||$500||-||26 Month Add-on Certificate|
|0.45%||$500||-||30 Month Bump-Rate Certificate|
|0.30%||$500||-||18 Month Certificate|
|0.30%||$500||-||12 Month Save To Win Certificate|
|0.25%||$500||-||12 Month Certificate|
|0.15%||$500||-||6 Month Certificate|
|1.20%||$500||-||60 Month IRA Certificate|
|0.90%||$500||-||48 Month IRA Certificate|
|0.70%||$500||-||36 Month IRA Certificate|
|0.45%||$500||-||24 Month IRA Certificate|
|0.45%||$500||-||26 Month Add-on IRA Certificate|
|0.45%||$500||-||30 Month Bump-Rate IRA Certificate|
|0.30%||$500||-||18 Month IRA Certificate|
|0.30%||$500||-||12 Month Save To Win IRA Certificate|
|0.25%||$500||-||12 Month IRA Certificate|
|0.15%||$500||-||6 Month IRA Certificate|
|Peninsula Community Credit Union Locations|
|Branch Office||1250 W Sims Way||Port Townsend, WA 98368|
|Branch Office||521 W Railroad Ave||Shelton, WA 98584-3520|
|Branch Office||1081 Bethel Ave||Port Orchard, WA 98366-4207|
|Branch Office||21505 Market Pl NW Ste 109||Poulsbo, WA 98370-6635|
|Branch Office||23550 NE State Route 3||Belfair, WA 98528|