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Overview / Commentary
800-562-5611
1418 15th Ave
Longview, WA 98632

Red Canoe Credit Union is headquartered in Longview and is the 17st largest credit union in the state of Washington. It is also the 381st largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 167 employees and 54,497 members. Red Canoe Credit Union has a A health rating.

Field of Membership Restrictions

Red Canoe Credit Union is open to anyone who lives, works or worships in the State of Washington as well as anyone who lives or works in Linn, Benton, Lane, Marion and Polk counties in Oregon. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 Red Canoe Credit Union had $5.46 million in non-current loans and owned real-estate with $75.7 million in equity and loan loss allowances on hand to cover it. This gives Red Canoe Credit Union a Texas Ratio of 7.21% 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 Red Canoe Credit Union experienced no significant changes from 7.54% as of March 31, 2013 to 7.21% as of March 31, 2014, resulting in a positive change of 4.28%.This indicates that the balance sheet and financial strength for Red Canoe Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Red Canoe Credit Union has increased its total deposits by $4.13 million, resulting in 0.8% 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 Red Canoe Credit Union has shown is above average.

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. Red Canoe Credit Union has $598.94 million in assets with $75.7 million in equity, resulting in a capitalization level of 12.64%, which is excellent.

Institution Statistics

Overall
NCUA #68196
Year Chartered1937
Employees167
Primary Regulator
Assets and Liabilities
Assets$598.94 million
Loans$432.77 million
Deposits$521.65 million
Equity Capital$70.87 million
Loan Loss Allowance$4.83 million
Unbacked Noncurrent Loans$4.23 million
Real Estate Owned$1.23 million
Historic Data - March 2013
Assets$593.55 million
Equity Capital$66.57 million
Loan Loss Allowance$6.01 million
Unbacked Noncurrent Loans$4.23 million
Real Estate Owned$1.48 million
Profit Margin - Quarterly
Net Interest Margin1.1%
Return on Assets0.35%
Return on Equity2.97%
Interest Income$5.49 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Red Canoe Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Red Canoe Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Savings Account
0.15%--IRA Shares
0.15%--Roth IRA Shares
0.15%--CESA Shares
0.15%--Business Savings

Red Canoe Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Money Market Plus

Red Canoe Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Premium Business Checking
0.10%--Small Business Checking

Red Canoe Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.57%$500-60 Month CD
1.57%$500-Business 60 Month CD
1.21%$500-48 to 59 Month CD
1.21%$500-Business 48 to 59 Month CD
1.01%$500-36 to 47 Month CD
1.01%$500-Business 36 to 47 Month CD
0.65%$500-24 to 35 Month CD
0.65%$500-Business 24 to 35 Month CD
0.40%$500-18 to 23 Month CD
0.40%$500-Business 18 to 23 Month CD
0.30%$500-12 to 17 Month CD
0.30%$500-Business 12 to 17 Month CD
0.20%$500-6 to 11 Month CD
0.20%$500-6 to 11 Month Easy Saver CD
0.20%$500-12 to 17 Month Flex CD
0.20%$500-Business 6 to 11 Month CD
0.20%$500-Business 6 to 11 Month Easy Saver CD
0.20%$500-Business 12 to 17 Month Flex CD
0.15%$500-3 to 5 Month CD
0.15%$500-Business 3 to 5 Month CD

Red Canoe Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.57%$500-60 Month IRA
1.21%$500-48 to 59 Month IRA
1.01%$500-36 to 47 Month IRA
0.65%$500-24 to 35 Month IRA
0.40%$500-18 to 23 Month IRA
0.30%$500-12 to 17 Month IRA
0.20%$500-12 to 17 Month Flex IRA
Locations


Red Canoe Credit Union Locations
Branch Office810 Burkhart St SEAlbany, OR 97322
Branch Office1418 15th AveLongview, WA 98632
Branch Office400 Allen StKelso, WA 98626-4104
Branch Office16510 Meridian EPuyallup, WA 98375-6207
Branch Office33616 Pacific Hwy SFederal Way, WA 98003-6810
Branch Office320 Front Ave NWCastle Rock, WA 98611
Branch Office2266 30th AveLongview, WA 98632