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Overview / Commentary
601 W Mallon Ave
Spokane, WA 99201

Spokane Credit Union is headquartered in Spokane and is the 35th largest credit union in the state of Washington. It is also the 1,266th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 43 employees and 11,999 members. Spokane Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Here are just a few of the ways you are eligible to enjoy the benefits of being a member of SFCU: If you are a Federal, State, or County employee. A relative of a current member. If you live, work, worship, volunteer or go to school in the downtown area of Spokane, WA . This includes employees of City Hall. If you are lucky enough that your employer is a Select Employee Group of SFCU (there are a lot of them so ask your employer if they are signed up!). - See Details

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Data for Q1 2014

Institution Health


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 Spokane Credit Union had $303,000 in non-current loans and owned real-estate with $12.81 million in equity and loan loss allowances on hand to cover it. This gives Spokane Credit Union a Texas Ratio of 2.37% 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 Spokane Credit Union decreased dramatically from 6.12% as of March 31, 2013 to 2.37% as of March 31, 2014, resulting in a positive change of 61.34%.This indicates that the balance sheet and financial strength for Spokane Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Spokane Credit Union has increased its total deposits by $2.85 million, resulting in 2.51% 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 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. Spokane Credit Union has $131.09 million in assets with $12.81 million in equity, resulting in a capitalization level of 9.77%, which is above average.

Institution Statistics

NCUA #11162
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$131.09 million
Loans$83.26 million
Deposits$116.45 million
Equity Capital$12.49 million
Loan Loss Allowance$315,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$250,000
Historic Data - March 2013
Assets$127.84 million
Equity Capital$12.20 million
Loan Loss Allowance$470,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1%
Return on Assets0.04%
Return on Equity0.42%
Interest Income$962,000

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Spokane Credit Union Savings Account Rates

1.51%$500-Holiday Club Account
1.51%--Summer Club Account
0.10%--IRA Future Fund
0.05%--Regular Shares
0.05%--Share II

Spokane Credit Union Money Market Rates

0.20%$50k-SFCU Money Market

Spokane Credit Union Checking Account Rates

0.05%$2k-SFCU Cash
0.05%$2k-Check Card
0.05%--Business Checking

Spokane Credit Union CD Rates

0.85%$50k-30 Month CD
0.85%$50k-36 Month CD
0.60%$50k-24 Month CD
0.40%$50k-18 Month CD
0.25%$50k-6 Month CD
0.25%$50k-12 Month CD
0.20%$50k-3 Month CD

Spokane Credit Union IRA Rates

0.85%$50k-30 Month IRA
0.85%$50k-36 Month IRA
0.60%$50k-24 Month IRA
0.40%$50k-18 Month IRA
0.25%$50k-6 Month IRA
0.25%$50k-12 Month IRA
0.20%$50k-3 Month IRA

Spokane Credit Union Locations
Branch Office1212 W Francis AveSpokane, WA 99205
Branch Office601 W Mallon AveSpokane, WA 99201
Branch Office930 N Howard StSpokane, WA 99201