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Overview / Commentary
1515 Dexter Ave N
Seattle, WA 98109

Salal Credit Union is headquartered in Seattle and is the 23rd largest credit union in the state of Washington. It is also the 586th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 116 employees and 33,650 members. Salal Credit Union has a A health rating.

Field of Membership Restrictions

Anyone who lives or works in Washington State. - See Details

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Data for Q4 2013

Institution Health


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, 2013 Salal Credit Union had $1.51 million in non-current loans and owned real-estate with $36.28 million in equity and loan loss allowances on hand to cover it. This gives Salal Credit Union a Texas Ratio of 4.15% 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 Salal Credit Union experienced no significant changes from 3.58% as of December 31, 2012 to 4.15% as of December 31, 2013, resulting in a negative change of 15.95%. This indicates that the balance sheet and financial strength for Salal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Salal Credit Union has increased its total deposits by $5.37 million, resulting in 1.73% 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.



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 $364.01 million in assets with $36.28 million in equity, resulting in a capitalization level of 9.97%, which is above average.

Institution Statistics

NCUA #66349
Year Chartered1948
Primary Regulator
Assets and Liabilities
Assets$364.01 million
Loans$258.21 million
Deposits$316.26 million
Equity Capital$32.34 million
Loan Loss Allowance$3.94 million
Unbacked Noncurrent Loans$1.25 million
Real Estate Owned$257,000
Historic Data - December 2012
Assets$356.86 million
Equity Capital$33.91 million
Loan Loss Allowance$3.72 million
Unbacked Noncurrent Loans$1.25 million
Real Estate Owned$11,000
Profit Margin - Quarterly
Net Interest Margin4.68%
Return on Assets0.12%
Return on Equity1.35%
Interest Income$14.09 million

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Salal Credit Union Savings Account Rates

0.35%$100k-Jumbo Youth Certificate
0.32%$50k$100kYouth Certificate
0.25%$100k-Analyzed Account
0.20%$100k-Jumbo Choice Certificate
0.15%$100k-Primary Savings
0.15%$100k-Extra Savings
0.15%$100k-My Savings
0.15%$50k$100kChoice Certificate
0.15%$100k-IRA Savings
0.15%$100k-Youth Savings
0.15%$100k-Roth IRA Savings
0.15%$100k-CESA Savings
0.15%$50k-Business Savings (non-profits only)

Salal Credit Union Money Market Rates

0.15%$50k-Premium Plus Money Market
0.15%$50k-Business Money Market

Salal Credit Union Checking Account Rates

0.20%$100k-Essential Business Cash Management
0.20%$100k-Business Interest Checking
0.08%$25k-Salal Silver Horizons
0.05%$10k-Basic Business Checking

Salal Credit Union CD Rates

1.40%$25k$100k48 Month CD
1.40%$100k-48 Month Jumbo CD
0.90%$25k$100k36 Month CD
0.90%$100k-36 Month Jumbo CD
0.65%$25k$100k30 Month CD
0.65%$100k-30 Month Jumbo CD
0.55%$50k$100k18 Month CD
0.55%$10k$100k24 Month CD
0.55%$100k-18 Month Jumbo CD
0.55%$100k-24 Month Jumbo CD
0.30%$100k-12 Month Jumbo CD
0.25%$50k$100k12 Month CD
0.25%$100k-Business 6-18 Months Choice CD
0.20%$100k-6 Month Jumbo CD
0.20%$100k-9 Month Jumbo CD
0.15%$50k$100k6 Month CD
0.15%$50k$100k9 Month CD

Salal Credit Union IRA Rates

1.40%$25k$100k48 Month IRA (Traditional,Roth,CESA)
1.40%$100k-48 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.90%$25k$100k36 Month IRA (Traditional,Roth,CESA)
0.90%$100k-36 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.65%$10k$100k30 Month IRA (Traditional,Roth,CESA)
0.65%$100k-30 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.55%$25k$100k18 Month IRA (Traditional,Roth,CESA)
0.55%$10k$100k24 Month IRA (Traditional,Roth,CESA)
0.55%$100k-18 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.55%$100k-24 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.30%$100k-12 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.25%$50k$100k12 Month IRA (Traditional,Roth,CESA)
0.20%$100k-6 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.20%$100k-9 Month Jumbo IRA CD (Traditional,Roth,CESA)
0.15%$50k$100k6 Month IRA (Traditional,Roth,CESA)
0.15%$50k$100k9 Month IRA (Traditional,Roth,CESA)

Salal Credit Union Locations
Branch Office310 Westlake Ave NSeattle, WA 98109
Branch Office690 Strander BlvdTukwila, WA 98188
Branch Office11023 8th Ave NESeattle, WA 98125
Branch Office115 15th Ave ESeattle, WA 98112
Branch Office1515 Dexter Ave NSeattle, WA 98109-3017
Branch Office1048 116th Ave NEBellevue, WA 98004-4640