Spokane Credit Union is headquartered in Spokane and is the 35th largest credit union in the state of Washington. It is also the 1,263rd largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 43 employees and 12,070 members. Spokane Credit Union's savings rates are 3X the national average, and it has a A health rating.
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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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 Spokane Credit Union had $453,000 in non-current loans and owned real-estate with $12.87 million in equity and loan loss allowances on hand to cover it. This gives Spokane Credit Union a Texas Ratio of 3.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Spokane Credit Union decreased dramatically from 7.34% as of December 31, 2012 to 3.52% as of December 31, 2013, resulting in a positive change of 52.02%.This indicates that the balance sheet and financial strength for Spokane Credit Union has improved dramatically in recent periods.
In the past year, Spokane Credit Union has increased its total deposits by $1.78 million, resulting in 1.61% 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 $127.31 million in assets with $12.87 million in equity, resulting in a capitalization level of 10.11%, which is above average.
|Assets and Liabilities|
|Equity Capital||$12.48 million|
|Loan Loss Allowance||$392,000|
|Unbacked Noncurrent Loans||$376,000|
|Real Estate Owned||$77,000|
|Historic Data - December 2012|
|Equity Capital||$12.19 million|
|Loan Loss Allowance||$506,000|
|Unbacked Noncurrent Loans||$376,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.08%|
|Return on Assets||0.24%|
|Return on Equity||2.41%|
|Interest Income||$4.00 million|
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|1.51%||-||-||Holiday Club Account|
|1.51%||-||-||Summer Club Account|
|0.10%||-||-||IRA Future Fund|
|0.20%||$50k||-||SFCU Money Market|
|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|
|0.85%||$50k||-||30 Month IRA (Traditional,Roth)|
|0.85%||$50k||-||36 Month IRA (Traditional,Roth)|
|0.60%||$50k||-||24 Month IRA (Traditional,Roth)|
|0.40%||$50k||-||18 Month IRA (Traditional,Roth)|
|0.25%||$50k||-||6 Month IRA (Traditional,Roth)|
|0.25%||$50k||-||12 Month IRA (Traditional,Roth)|
|0.20%||$50k||-||3 Month IRA (Traditional,Roth)|
|Spokane Credit Union Locations|
|Branch Office||1212 W Francis Ave||Spokane, WA 99205|
|Branch Office||601 W Mallon Ave||Spokane, WA 99201|
|Branch Office||930 N Howard St||Spokane, WA 99201|