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509-327-3244
924 W Sinto Ave
Spokane, WA 99201

Spokane Law Enforcement Credit Union is headquartered in Spokane and is the 65th largest credit union in the state of Washington. It is also the 2,630th largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 8 employees and 2,309 members. Spokane Law Enforcement Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an active or retired member or a Reserve officer of the Spokane Police Department or Spokane County Sheriff's Department or be an employee of other select group. Also open to any active or retired member of any Law Enforcement agency now living in Spokane or any contiguous county. - See Details

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Health

Data for Q1 2014

Institution Health

B+
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 Law Enforcement 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 Law Enforcement Credit Union had $200,000 in non-current loans and owned real-estate with $5.98 million in equity and loan loss allowances on hand to cover it. This gives Spokane Law Enforcement Credit Union a Texas Ratio of 3.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Spokane Law Enforcement Credit Union decreased dramatically from 6.66% as of March 31, 2013 to 3.35% as of March 31, 2014, resulting in a positive change of 49.75%.This indicates that the balance sheet and financial strength for Spokane Law Enforcement Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Spokane Law Enforcement Credit Union has increased its total deposits by $1.72 million, resulting in 5.5% 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 Law Enforcement Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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 Law Enforcement Credit Union has $38.92 million in assets with $5.98 million in equity, resulting in a capitalization level of 15.36%, which is excellent.

Institution Statistics

Overall
NCUA #68305
Year Chartered1966
Employees8
Primary Regulator
Assets and Liabilities
Assets$38.92 million
Loans$29.03 million
Deposits$33.08 million
Equity Capital$5.64 million
Loan Loss Allowance$333,000
Unbacked Noncurrent Loans$200,000
Real Estate Owned$0
Historic Data - March 2013
Assets$36.95 million
Equity Capital$5.42 million
Loan Loss Allowance$423,000
Unbacked Noncurrent Loans$200,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.98%
Return on Assets0.54%
Return on Equity3.76%
Interest Income$350,000
Rates
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Spokane Law Enforcement Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$10k-Regular Share Account

Spokane Law Enforcement Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-Money Market Share Account

Spokane Law Enforcement Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60-72 Month Bump CD
1.20%$500-48-59 Month Bump CD
1.00%$500-36-47 Month Bump CD
0.60%$500-24-35 Month Bump CD
0.50%$500-18-23 Month Bump CD
0.40%$500-12-17 Month Bump CD
0.30%$500-6-11 Month Bump CD

Spokane Law Enforcement Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60-72 Month Bump IRA
1.20%$500-48-59 Month Bump IRA
1.00%$500-36-47 Month Bump IRA
0.60%$500-24-35 Month Bump IRA
0.50%$500-18-23 Month Bump IRA
0.40%$500-12-17 Month Bump IRA
0.30%$500-6-11 Month Bump IRA
Locations


Spokane Law Enforcement Credit Union Locations
Branch Office924 W Sinto AveSpokane, WA 99201-2531