Red Canoe Credit Union

1418 15th Ave
Longview, WA 98632
800-562-5611
www.redcanoecu.com

NCUA

OverView
Rates
Health
Reviews

Red Canoe Credit Union is headquartered in Longview and is the 16^st largest credit union in the state of Washington. It is also the 366^th largest credit union in the nation. It was established in 1937 and as of December of 2012, it had grown to 167 employees and 54,929 members. Red Canoe Credit Union has a 4-star health rating.

Red Canoe Credit Union Routing Number: 323380821

Competitive 5-Year CD & IRA CD Rate at Red Canoe Credit Union in WA & OR - Local Only - 11/5/2010

Red Canoe Credit Union is offering a competitive rate of 2.75% APY for its 5-year CD and IRA CD. The 3-year CD rate is also fair at 2.00% APY. Minimum deposit is $500. These rates are listed in the cr ...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Red Canoe Credit Union Checking Account Rates

Apy	Min	Max	Product
0.20%	$50k	-	Premium Business Checking
0.10%	-	-	Small Business Checking

Red Canoe Credit Union Savings Account Rates

Apy	Min	Max	Product
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

	Apy	Min	Max	Product
	0.20%	$25k	-	Money Market Plus

Red Canoe Credit Union CD Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
1.57%	$500	-	60 Month IRA
1.57%	$500	-	60 Month Roth IRA
1.57%	$500	-	60 Month CESA
1.21%	$500	-	48 to 59 Month IRA
1.21%	$500	-	48 to 59 Month Roth IRA
1.21%	$500	-	48 to 59 Month CESA
1.01%	$500	-	36 to 47 Month IRA
1.01%	$500	-	36 to 47 Month Roth IRA
1.01%	$500	-	36 to 47 Month CESA
0.65%	$500	-	24 to 35 Month IRA
0.65%	$500	-	24 to 35 Month Roth IRA
0.65%	$500	-	24 to 35 Month CESA
0.40%	$500	-	18 to 23 Month IRA
0.40%	$500	-	18 to 23 Month Roth IRA
0.40%	$500	-	18 to 23 Month CESA
0.30%	$500	-	12 to 17 Month IRA
0.30%	$500	-	12 to 17 Month Roth IRA
0.30%	$500	-	12 to 17 Month CESA
0.20%	$500	-	12 to 17 Month Flex IRA
0.20%	$500	-	12 to 17 Month Flex Roth IRA
0.20%	$500	-	12 to 17 Month Flex CESA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

RED CANOE
NCUA #	68196
BankRate Report	View
Year Chartered	1937
Employees	167
Primary Regulator
Assets and Liabilities
Assets	$578.63 million
Loans	$418.54 million
Deposits	$506.03 million
Equity Capital	$64.84 million
Loan Loss Allowance	$6.74 million
Unbacked Noncurrent Loans	$5.41 million
Real Estate Owned	$1.19 million
Historic Data - December 2011
Assets	$581.29 million
Equity Capital	$63.22 million
Loan Loss Allowance	$5.89 million
Unbacked Noncurrent Loans	$6.40 million
Real Estate Owned	$1.12 million
Profit Margin - Quarterly
Net Interest Margin	4.56%
Return on Assets	0.25%
Return on Equity	2.22%
Interest Income	$24.01 million
Non-Interest Income	$7.46 million

Institution Health

Overall Score:

4 out of 5

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, 2012 Red Canoe Credit Union had $6.6 million in non-current loans and owned real-estate with $71.58 million in equity and loan loss allowances on hand to cover it. This gives Red Canoe Credit Union a Texas Ratio of 9.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Red Canoe Credit Union decreased slightly from 10.87% as of December 31, 2011 to 9.21% as of December 31, 2012, resulting in a positive change of 15.21%.This indicates that the balance sheet and financial strength for Red Canoe Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Red Canoe Credit Union has decreased its total deposits by -$5.33 million, resulting in -1.04% 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 below average.
Capitalization
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 $578.63 million in assets with $71.58 million in equity, resulting in a capitalization level of 12.37%, which is excellent.