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Overview / Commentary
509-483-0580
4700 N Division St
Spokane, WA 99207

Sears Spokane Employees Credit Union is headquartered in Spokane and is the 98th largest credit union in the state of Washington. It is also the 5,320th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 2 employees and 783 members. Sears Spokane Employees Credit Union has a C- health rating.

Field of Membership Restrictions

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Health

Data for Q4 2013

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Sears Spokane Employees Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

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 Sears Spokane Employees Credit Union had $99,000 in non-current loans and owned real-estate with $488,000 in equity and loan loss allowances on hand to cover it. This gives Sears Spokane Employees Credit Union a Texas Ratio of 20.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Sears Spokane Employees Credit Union experienced no significant changes from 19.53% as of December 31, 2012 to 20.29% as of December 31, 2013, resulting in a negative change of 3.85%. This indicates that the balance sheet and financial strength for Sears Spokane Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, Sears Spokane Employees Credit Union has decreased its total deposits by $-584,000, resulting in -11.94% 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 Sears Spokane Employees Credit Union has shown is poor.

Capitalization

GRADE:
B+

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. Sears Spokane Employees Credit Union has $4.76 million in assets with $488,000 in equity, resulting in a capitalization level of 10.24%, which is above average.

Institution Statistics

Overall
NCUA #5700
Year Chartered1948
Employees2
Primary Regulator
Assets and Liabilities
Assets$4.77 million
Loans$2.06 million
Deposits$4.31 million
Equity Capital$455,000
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$99,000
Real Estate Owned$0
Historic Data - December 2012
Assets$5.41 million
Equity Capital$519,000
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$99,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.78%
Return on Assets-1.34%
Return on Equity-14.07%
Interest Income$132,000
Rates
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Sears Spokane Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA
0.15%--Shares

Sears Spokane Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Drafts

Sears Spokane Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-60 Month Share Certificate
0.80%$500-48 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.20%$500-6 Month Share Certificate

Sears Spokane Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-60 Month IRA Certificate
0.80%$500-48 Month IRA Certificate
0.70%$500-36 Month IRA Certificate
0.60%$500-24 Month IRA Certificate
0.25%$500-12 Month IRA Certificate
0.20%$500-6 Month IRA Certificate
Locations


Sears Spokane Employees Credit Union Locations
Branch Office4700 N Division StSpokane, WA 99207-1402