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Overview / Commentary
253-841-2668
303 W Meeker
Puyallup, WA 98371

Mt. Rainier Credit Union is headquartered in Puyallup and is the 88th largest credit union in the state of Washington. It is also the 4,327th largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 3 employees and 1,235 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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Health

Data for Q1 2014

Institution Health

B+
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

GRADE:
A+

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 Mt. Rainier Credit Union had $39,000 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 2.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Mt. Rainier Credit Union experienced no significant changes from 1.47% as of March 31, 2013 to 2.56% as of March 31, 2014, resulting in a negative change of 74.13%. This indicates that the balance sheet and financial strength for Mt. Rainier Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mt. Rainier Credit Union has increased its total deposits by $649,000, resulting in 7.02% 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.

Capitalization

GRADE:
A+

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

Overall
NCUA #18068
Year Chartered1967
Employees3
Primary Regulator
Assets and Liabilities
Assets$11.40 million
Loans$4.66 million
Deposits$9.90 million
Equity Capital$1.49 million
Loan Loss Allowance$32,000
Unbacked Noncurrent Loans$39,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.74 million
Equity Capital$1.48 million
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$39,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.35%
Return on Assets0%
Return on Equity0%
Interest Income$78,000
Rates
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Mt. Rainier Credit Union Savings Account Rates

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

Mt. Rainier Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Account

Mt. Rainier Credit Union CD Rates

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


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