Salal Credit Union

1515 Dexter Avenue North
Seattle, WA 98109
800-562-5515
www.salalcu.org

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Salal Credit Union is headquartered in SEATTLE and is the 23^rd largest credit union in the state of Washington. It is also the 562^nd largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 94 employees and 31,723 members. Salal Credit Union has a 4-star health rating.

$100 Checking Account Bonus at Salal Credit Union - Washington State Only - 8/23/2011

Salal Credit Union is offering a $100 bonus for opening one of its checking accounts and having at least one direct deposit within 90 days of account opening. The checking account must be opened by Se ...

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

Salal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$25k	-	Salal Silver Horizons

Salal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	$100k	-	Choice Certificate
0.35%	$100k	-	Youth Certificate
0.30%	$100k	-	IRA Savings
0.30%	$100k	-	Roth IRA Savings
0.30%	$100k	-	CESA Savings
0.25%	$100k	-	Primary Savings
0.25%	$100k	-	Extra Savings
0.20%	$100k	-	My Savings
0.20%	$100k	-	Youth Savings

Salal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.30%	$100k	-	Premium Plus Money Market

Salal Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$100k	-	48 Month CD
1.49%	$100k	-	48 Month CD - Non Compounding
1.12%	$100k	-	36 Month CD
1.11%	$100k	-	36 Month CD - Non Compounding
1.04%	$100k	-	30 Month CD
1.04%	$100k	-	30 Month CD - Non Compounding
0.75%	$100k	-	24 Month CD
0.75%	$100k	-	24 Month CD - Non Compounding
0.58%	$100k	-	18 Month CD
0.58%	$100k	-	18 Month CD - Non Compounding
0.45%	$100k	-	12 Month CD
0.45%	$100k	-	12 Month CD - Non Compounding
0.40%	$100k	-	6 Month CD
0.40%	$100k	-	9 Month CD
0.40%	$100k	-	6 Month CD - Non Compounding
0.40%	$100k	-	9 Month CD - Non Compounding

Salal Credit Union IRA Rates

Apy	Min	Max	Product
1.63%	$100k	-	48 Month IRA
1.63%	$100k	-	48 Month Roth IRA
1.63%	$100k	-	48 Month CESA
1.21%	$100k	-	30 Month IRA
1.21%	$100k	-	30 Month Roth IRA
1.21%	$100k	-	30 Month CESA
1.18%	$100k	-	36 Month IRA
1.18%	$100k	-	36 Month Roth IRA
1.18%	$100k	-	36 Month CESA
0.88%	$100k	-	24 Month IRA
0.88%	$100k	-	24 Month Roth IRA
0.88%	$100k	-	24 Month CESA
0.71%	$100k	-	18 Month IRA
0.71%	$100k	-	18 Month Roth IRA
0.71%	$100k	-	18 Month CESA
0.48%	$100k	-	9 Month IRA
0.48%	$100k	-	12 Month IRA
0.48%	$100k	-	9 Month Roth IRA
0.48%	$100k	-	12 Month Roth IRA
0.48%	$100k	-	9 Month CESA
0.48%	$100k	-	12 Month CESA
0.45%	$100k	-	6 Month IRA
0.45%	$100k	-	6 Month Roth IRA
0.45%	$100k	-	6 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

SALAL
NCUA #	66349
BankRate Report	View
Year Chartered	1948
Employees	94
Primary Regulator
Assets and Liabilities
Assets	$345.58 million
Loans	$231.93 million
Deposits	$297.30 million
Equity Capital	$31.58 million
Loan Loss Allowance	$3.57 million
Unbacked Noncurrent Loans	$2.94 million
Historic Data - December 2010
Assets	$321.82 million
Equity Capital	$29.88 million
Loan Loss Allowance	$2.84 million
Unbacked Noncurrent Loans	$2.11 million
Profit Margin - Quarterly
Net Interest Margin	5.53%
Return on Assets	0.44%
Return on Equity	4.79%
Interest Income	$14.92 million
Non-Interest Income	$3.71 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, 2011 Salal Credit Union had $2.94 million in non-current loans and owned real-estate with $35.15 million in equity and loan loss allowances on hand to cover it. This gives Salal Credit Union a Texas Ratio of 8.35% 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 Salal Credit Union held steady from 6.44% as of December 31, 2010 to 8.35% as of December 31, 2011, resulting in a negative change of 29.61%. This indicates that the balance sheet and financial strength for Salal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Salal Credit Union has increased its total deposits by $13.64 million, resulting in 4.81% 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 Salal Credit Union has shown is above 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. Salal Credit Union has $345.58 million in assets with $35.15 million in equity, resulting in a capitalization level of 10.17%, which is above average.