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Overview / Commentary
9707 N Nevada ST
Spokane, WA 99218-3412

Primesource Credit Union is headquartered in Spokane and is the 50th largest credit union in the state of Washington. It is also the 2,202nd largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 20 employees and 5,907 members. Primesource Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work or worship in the State of Washington. Also open to employees of Qwest (formerly US West), AT&T or their affiliates and subsidiaries. - See Details

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Data for Q1 2014

Institution Health

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

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 Primesource Credit Union had $161,000 in non-current loans and owned real-estate with $7.82 million in equity and loan loss allowances on hand to cover it. This gives Primesource Credit Union a Texas Ratio of 2.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Primesource Credit Union decreased dramatically from 3.13% as of March 31, 2013 to 2.06% as of March 31, 2014, resulting in a positive change of 34.14%.This indicates that the balance sheet and financial strength for Primesource Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Primesource Credit Union has increased its total deposits by $2.99 million, resulting in 6.89% 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 Primesource Credit Union has shown is excellent.



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. Primesource Credit Union has $54.69 million in assets with $7.82 million in equity, resulting in a capitalization level of 14.30%, which is excellent.

Institution Statistics

NCUA #67911
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$54.69 million
Loans$43.07 million
Deposits$46.33 million
Equity Capital$7.55 million
Loan Loss Allowance$275,000
Unbacked Noncurrent Loans$161,000
Real Estate Owned$0
Historic Data - March 2013
Assets$51.19 million
Equity Capital$7.04 million
Loan Loss Allowance$257,000
Unbacked Noncurrent Loans$161,000
Real Estate Owned$68,000
Profit Margin - Quarterly
Net Interest Margin1.33%
Return on Assets0.63%
Return on Equity4.56%
Interest Income$642,000
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Primesource Credit Union Savings Account Rates

0.35%$300-Savings IRA
0.35%$300-Savings Roth IRA
0.35%$300-Savings Education IRA
0.10%$300-Prime Savings
0.10%--PrimeSavers Kids Club
0.10%--Young Adults Account

Primesource Credit Union Money Market Rates

0.25%$75k-Premium Money Market
0.12%$1k-Select Money Market

Primesource Credit Union CD Rates

1.36%$2,500-36 Month CD Special (New Money)
1.25%$5k-60 Month CD Special (New Money)
1.18%$2,500-18 Month CD Special (New Money)
1.15%$500-48 Month CD
0.82%$2,500-12 Month CD Special (New Money)
0.75%$500-36 Month CD
0.70%$500-24 Month CD
0.60%$500-24 Month Bump CD
0.35%$500-18 Month CD
0.25%$500-12 Month CD
0.25%$500-18 Month Bump CD
0.25%$100-12 Month Youth Savings CD
0.20%$500-6 Month CD
0.15%$500-12 Month Bump CD

Primesource Credit Union IRA Rates

1.36%$500-36 Month Educational IRA Special
1.36%$500-36 Month IRA Special
1.36%$500-36 Month Roth IRA Special
1.25%$500-60 Month IRA
1.25%$500-60 Month Roth IRA
1.25%$500-60 Month Educational IRA
1.15%$500-48 Month IRA
1.15%$500-48 Month Roth IRA
1.15%$500-48 Month Educational IRA
0.85%$500-36 Month IRA
0.85%$500-36 Month Roth IRA
0.85%$500-36 Month Educational IRA
0.82%$2,500-12 Month Educational IRA Special
0.82%$2,500-12 Month IRA Special
0.82%$2,500-12 Month Roth IRA Special
0.70%$500-24 Month IRA
0.70%$500-24 Month Roth IRA
0.70%$500-24 Month Educational IRA
0.25%$500-12 Month IRA
0.25%$500-12 Month Roth IRA
0.25%$500-12 Month Educational IRA

Primesource Credit Union Locations
Branch Office428 E 3rd AveSpokane, WA 99202-1415
Branch Office9707 N Nevada STSpokane, WA 99218-3412