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Overview / Commentary
3130 Rockefeller Ave
Everett, WA 98201-4029

SnoCope Credit Union is headquartered in Everett and is the 61st largest credit union in the state of Washington. It is also the 2,361st largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 16 employees and 6,519 members. SnoCope Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Snohomish County. - See Details

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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. SnoCope Credit Union has a 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 SnoCope Credit Union had $174,000 in non-current loans and owned real-estate with $4.03 million in equity and loan loss allowances on hand to cover it. This gives SnoCope Credit Union a Texas Ratio of 4.32% 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 SnoCope Credit Union experienced no significant changes from 2.05% as of March 31, 2013 to 4.32% as of March 31, 2014, resulting in a negative change of 110.81%. This indicates that the balance sheet and financial strength for SnoCope Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, SnoCope Credit Union has increased its total deposits by $1.57 million, resulting in 3.7% 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 SnoCope Credit Union has shown is excellent.



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. SnoCope Credit Union has $47.64 million in assets with $4.03 million in equity, resulting in a capitalization level of 8.46%, which is average.

Institution Statistics

NCUA #68622
Year Chartered1959
Primary Regulator
Assets and Liabilities
Assets$47.64 million
Loans$30.25 million
Deposits$44.02 million
Equity Capital$3.61 million
Loan Loss Allowance$427,000
Unbacked Noncurrent Loans$174,000
Real Estate Owned$0
Historic Data - March 2013
Assets$46.18 million
Equity Capital$3.48 million
Loan Loss Allowance$430,000
Unbacked Noncurrent Loans$174,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.5%
Return on Equity6.66%
Interest Income$448,000
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SnoCope Credit Union Savings Account Rates

0.43%$10k-IRA Share Account
0.43%$10k-Roth IRA Share Account
0.43%$10k-Coverdell ESA
0.10%--Possibilities Account
0.07%--Youth Savings Account
0.05%$300-Share Savings Account
0.05%$300-Health Savings Account
0.05%$300-Secondary Savings Account

SnoCope Credit Union Money Market Rates

0.14%$50k-Money Market Account

SnoCope Credit Union CD Rates

1.28%$500-60 Month CD
1.13%$500-60 Month Bump Option CD
0.80%$500-36 Month CD
0.79%$500-36 Month Bump Option CD
0.53%$500-24 Month CD
0.51%$500-24 Month Bump Option CD
0.25%$500-12 Month Add-On CD
0.25%$100-12 Month Youth Add-on CD
0.20%$500-6 Month Add-On CD

SnoCope Credit Union IRA Rates

0.53%$500-12 Month IRA CD
0.40%$500-6 Month IRA CD

SnoCope Credit Union Locations
Branch Office3130 Rockefeller AveEverett, WA 98201-4029