Spokane Media Credit Union is headquartered in Spokane and is the 91st largest credit union in the state of Washington. It is also the 4,475th largest credit union in the nation. It was established in 1938 and as of September of 2013, it had grown to 4 employees and 1,233 members. Spokane Media Credit Union has a B+ health rating.
Must be an employee of one of the several select groups comprised of primarily media related organizations. - See Details
No reviews have been left for this bank yet. Be the first to review.
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 September 30, 2013 Spokane Media Credit Union had $3,000 in non-current loans and owned real-estate with $804,000 in equity and loan loss allowances on hand to cover it. This gives Spokane Media Credit Union a Texas Ratio of 0.37% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Spokane Media Credit Union increased slightly from 0.00% as of September 30, 2012 to 0.37% as of September 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Spokane Media Credit Union has declined slightly in recent periods.
In the past year, Spokane Media Credit Union has increased its total deposits by $492,000, resulting in 5.46% 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 Media 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. Spokane Media Credit Union has $10.28 million in assets with $804,000 in equity, resulting in a capitalization level of 7.82%, which is below average.
|Assets and Liabilities|
|Loan Loss Allowance||$15,000|
|Unbacked Noncurrent Loans||$3,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Loan Loss Allowance||$19,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.9%|
|Return on Assets||0.19%|
|Return on Equity||2.53%|
Always verify rates and promotions with the bank or credit union. We are not Spokane Media Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.25%||$1k||-||180 Day CD|
|0.25%||$1k||-||1 Year CD|
|0.30%||$1k||-||1 Year IRA|
|Spokane Media Credit Union Locations|
|Branch Office||9001 E Euclid Ave||Spokane Valley, WA 99212|
|Branch Office||901 W Riverside Ave||Spokane, WA 992011006|