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Overview / Commentary
2919 E Mission AVE
Spokane, WA 99202-3624

Progressions Credit Union is headquartered in Spokane and is the 51st largest credit union in the state of Washington. It is also the 2,203rd largest credit union in the nation. It was established in 1933 and as of March of 2014, it had grown to 14 employees and 4,804 members. Progressions Credit Union's savings rates are 92% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be a postal employee in Eastern Washington or Idaho. Also open to those who live, work or worship in the State of Washington. - 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. Progressions 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 Progressions Credit Union had $264,000 in non-current loans and owned real-estate with $4.79 million in equity and loan loss allowances on hand to cover it. This gives Progressions Credit Union a Texas Ratio of 5.51% 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 Progressions Credit Union experienced no significant changes from 1.63% as of March 31, 2013 to 5.51% as of March 31, 2014, resulting in a negative change of 238.36%. This indicates that the balance sheet and financial strength for Progressions Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Progressions Credit Union has decreased its total deposits by -$1.29 million, resulting in -2.52% 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 Progressions Credit Union has shown is below 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. Progressions Credit Union has $54.68 million in assets with $4.79 million in equity, resulting in a capitalization level of 8.76%, which is average.

Institution Statistics

NCUA #68255
Year Chartered1933
Primary Regulator
Assets and Liabilities
Assets$54.68 million
Loans$39.38 million
Deposits$49.76 million
Equity Capital$4.56 million
Loan Loss Allowance$238,000
Unbacked Noncurrent Loans$264,000
Real Estate Owned$0
Historic Data - March 2013
Assets$55.24 million
Equity Capital$4.06 million
Loan Loss Allowance$365,000
Unbacked Noncurrent Loans$264,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.64%
Return on Equity7.64%
Interest Income$544,000

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Progressions Credit Union Savings Account Rates

1.00%-$2kYes! Savings Account
0.30%$50k-Yes! IRA Account
0.25%$100k-Prime Savings Account
0.10%$50-Savings Account
0.10%--Youth Account “Jr. Stamper”

Progressions Credit Union Money Market Rates

0.30%$50k-SmartMarket Account

Progressions Credit Union Checking Account Rates

0.25%$10k-Prime Checking Account

Progressions Credit Union CD Rates

1.10%$100k-36 Month CD
0.90%$100k-24 Month CD
0.50%$100k-18 Month CD
0.45%$100k-12 Month CD
0.35%$50k-6 Month CD

Progressions Credit Union IRA Rates

1.10%$100k-36 Month IRA
0.90%$100k-24 Month IRA
0.50%$100k-18 Month IRA
0.45%$100k-12 Month IRA
0.35%$50k-6 Month IRA

Progressions Credit Union Locations
Branch Office2919 E Mission AVESpokane, WA 99202-3624