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Overview / Commentary
509-325-7228
P.O. Box 9639
Spokane, WA 99209

Spokane City Credit Union is headquartered in Spokane and is the 66th largest credit union in the state of Washington. It is also the 2,788th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 9 employees and 5,082 members. Spokane City Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the State of Washington. - See Details

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Health

Data for Q1 2014

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. Spokane City Credit Union has a low asset base.

Texas Ratio

GRADE:
A

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 Spokane City Credit Union had $330,000 in non-current loans and owned real-estate with $3.45 million in equity and loan loss allowances on hand to cover it. This gives Spokane City Credit Union a Texas Ratio of 9.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Spokane City Credit Union experienced no significant changes from 5.89% as of March 31, 2013 to 9.57% as of March 31, 2014, resulting in a negative change of 62.47%. This indicates that the balance sheet and financial strength for Spokane City Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Spokane City Credit Union has decreased its total deposits by -$1.95 million, resulting in -5.92% 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 Spokane City Credit Union has shown is below average.

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. Spokane City Credit Union has $34.41 million in assets with $3.45 million in equity, resulting in a capitalization level of 10.02%, which is above average.

Institution Statistics

Overall
NCUA #68283
Year Chartered1934
Employees9
Primary Regulator
Assets and Liabilities
Assets$34.41 million
Loans$24.37 million
Deposits$30.95 million
Equity Capital$3.34 million
Loan Loss Allowance$109,000
Unbacked Noncurrent Loans$330,000
Real Estate Owned$0
Historic Data - March 2013
Assets$36.38 million
Equity Capital$3.33 million
Loan Loss Allowance$80,000
Unbacked Noncurrent Loans$330,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.06%
Return on Assets0.3%
Return on Equity3.11%
Interest Income$284,000
Rates
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Spokane City Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$25$5kHoliday Saving Club Account
0.25%$50-Traditional IRA
0.25%$50-Roth IRA
0.25%$50-CESA
0.15%$5k-Regular Share (Saving) Account

Spokane City Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Preferred Share Investment Account
0.30%$50k- Money market Account

Spokane City Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k-24 Month CD
0.40%$25k-12 Month CD
0.35%$100-12 Month CU Succeed CD
0.30%$25k-6 Month CD

Spokane City Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k-24 Month IRA
0.40%$25k-12 Month IRA
0.30%$25k-6 Month IRA
Locations


Spokane City Credit Union Locations
Branch Office1930 N Monroe StSpokane, WA 99205-4538