School Employees Of Washington Credit Union

School Employees Of Washington Credit Union is headquartered in Seattle and is the 9^th largest credit union in the state of Washington. It is also the 218^st largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 115 employees and 80,709 members. School Employees Of Washington Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.

School Employees Of Washington Credit Union Checking Account Rates

School Employees Of Washington Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics SCHOOL EMPLOYEES OF WASHINGTON NCUA # 68362 BankRate Report View Year Chartered 1936 Employees 115 Primary Regulator Assets and Liabilities Assets $857.65 million Loans $368.12 million Deposits $758.67 million Equity Capital $89.67 million Loan Loss Allowance $3.25 million Unbacked Noncurrent Loans $2.61 million Historic Data - December 2010 Assets $801.30 million Equity Capital $86.34 million Loan Loss Allowance $3.89 million Unbacked Noncurrent Loans $3.01 million Profit Margin - Quarterly Net Interest Margin 5.39% Return on Assets 0.32% Return on Equity 3.11% Interest Income $26.77 million Non-Interest Income $5.02 million

Institution Health Overall Score: 5 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 School Employees Of Washington Credit Union had $2.61 million in non-current loans and owned real-estate with $92.92 million in equity and loan loss allowances on hand to cover it. This gives School Employees Of Washington Credit Union a Texas Ratio of 2.81% 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 School Employees Of Washington Credit Union decreased slightly from 3.33% as of December 31, 2010 to 2.81% as of December 31, 2011, resulting in a positive change of 15.69%.This indicates that the balance sheet and financial strength for School Employees Of Washington Credit Union has improved slightly in recent periods. Deposit Growth In the past year, School Employees Of Washington Credit Union has increased its total deposits by $54.51 million, resulting in 7.74% 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 School Employees Of Washington Credit Union has shown is excellent. 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. School Employees Of Washington Credit Union has $857.64 million in assets with $92.92 million in equity, resulting in a capitalization level of 10.83%, which is above average.

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