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Overview / Commentary
303 W Meeker
Puyallup, WA 98371

Mt. Rainier Credit Union is headquartered in Puyallup and is the 86th largest credit union in the state of Washington. It is also the 4,305th largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 3 employees and 1,242 members. Mt. Rainier Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work or worship in the Puyallup School District. - See Details

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Data for Q4 2013

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. Mt. Rainier Credit Union has a low asset base.

Texas Ratio


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 December 31, 2013 Mt. Rainier Credit Union had $62,000 in non-current loans and owned real-estate with $1.52 million in equity and loan loss allowances on hand to cover it. This gives Mt. Rainier Credit Union a Texas Ratio of 4.08% 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 Mt. Rainier Credit Union experienced no significant changes from 1.28% as of December 31, 2012 to 4.08% as of December 31, 2013, resulting in a negative change of 218.16%. This indicates that the balance sheet and financial strength for Mt. Rainier Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Mt. Rainier Credit Union has increased its total deposits by $425,000, resulting in 4.49% 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 Mt. Rainier 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. Mt. Rainier Credit Union has $11.4 million in assets with $1.52 million in equity, resulting in a capitalization level of 13.35%, which is excellent.

Institution Statistics

NCUA #18068
Year Chartered1967
Primary Regulator
Assets and Liabilities
Assets$11.40 million
Loans$4.64 million
Deposits$9.88 million
Equity Capital$1.49 million
Loan Loss Allowance$31,000
Unbacked Noncurrent Loans$62,000
Real Estate Owned$0
Historic Data - December 2012
Assets$10.92 million
Equity Capital$1.46 million
Loan Loss Allowance$21,000
Unbacked Noncurrent Loans$62,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.83%
Return on Assets0.24%
Return on Equity1.81%
Interest Income$336,000
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Mt. Rainier Credit Union Savings Account Rates

0.20%--Holiday Club Account
0.10%$5k-Share Account

Mt. Rainier Credit Union Money Market Rates

0.25%$50k-Money Market Account

Mt. Rainier Credit Union CD Rates

0.55%$100$1k6 Month Kids Kickoff Special
0.30%$500$100k12 Month CD
0.20%$500$100k6 Month CD

Mt. Rainier Credit Union Locations
Branch Office303 W MeekerPuyallup, WA 98371