Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
529 E North Foothills Dr
Spokane, WA 99207

Safeway Credit Union is headquartered in Spokane and is the 53rd largest credit union in the state of Washington. It is also the 2,208th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 9 employees and 4,651 members. Safeway Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of Safeway Inc. (Seattle Division) - See Details

No reviews have been left for this bank yet. Be the first to review.


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. Safeway 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 Safeway Credit Union had $301,000 in non-current loans and owned real-estate with $11.26 million in equity and loan loss allowances on hand to cover it. This gives Safeway Credit Union a Texas Ratio of 2.67% 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 Safeway Credit Union experienced no significant changes from 1.46% as of March 31, 2013 to 2.67% as of March 31, 2014, resulting in a negative change of 83.52%. This indicates that the balance sheet and financial strength for Safeway Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Safeway Credit Union has decreased its total deposits by $-12,000, resulting in -0.03% 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 Safeway Credit Union has shown is 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. Safeway Credit Union has $54.28 million in assets with $11.26 million in equity, resulting in a capitalization level of 20.74%, which is excellent.

Institution Statistics

NCUA #8132
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$54.28 million
Loans$22.97 million
Deposits$42.48 million
Equity Capital$11.17 million
Loan Loss Allowance$86,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$0
Historic Data - March 2013
Assets$54.27 million
Equity Capital$10.82 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1%
Return on Assets0.51%
Return on Equity2.47%
Interest Income$332,000
Skip to rates for:

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

Safeway Credit Union Savings Account Rates

0.75%--IRA Shares
0.75%--Roth IRA Shares
0.35%--Regular Shares

Safeway Credit Union CD Rates

0.75%$1k-24 Month CD
0.60%$1k-12 Month CD
0.50%$1k-6 Month CD

Safeway Credit Union IRA Rates

0.75%$1k-24 Month IRA
0.60%$1k-12 Month IRA
0.50%$1k-6 Month IRA

Safeway Credit Union Locations
Branch Office529 E North Foothills DrSpokane, WA 99207