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Overview / Commentary
509-838-8960
901 W Riverside Ave
Spokane, WA 99201

Spokane Media Credit Union is headquartered in Spokane and is the 92nd largest credit union in the state of Washington. It is also the 4,455th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 4 employees and 1,235 members. Spokane Media Credit Union has a C health rating.

Field of Membership Restrictions

Must be an employee of one of the several select groups comprised of primarily media related organizations. - 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 Media 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 Media Credit Union had $0 in non-current loans and owned real-estate with $800,000 in equity and loan loss allowances on hand to cover it. This gives Spokane Media Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
F

In the past year, Spokane Media Credit Union has decreased its total deposits by -$1.24 million, resulting in -11.53% 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 poor.

Capitalization

GRADE:
C-

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 $10.27 million in assets with $800,000 in equity, resulting in a capitalization level of 7.79%, which is below average.

Institution Statistics

Overall
NCUA #24451
Year Chartered1938
Employees4
Primary Regulator
Assets and Liabilities
Assets$10.27 million
Loans$6.27 million
Deposits$9.50 million
Equity Capital$779,000
Loan Loss Allowance$21,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.53 million
Equity Capital$781,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0%
Return on Equity0%
Interest Income$87,000
Rates
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Spokane Media Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Holiday Club
0.10%--Regular Savings

Spokane Media Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.25%$1k-180 Day CD
0.25%$1k-1 Year CD

Spokane Media Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.30%$1k-1 Year IRA
Locations


Spokane Media Credit Union Locations
Branch Office9001 E Euclid AveSpokane Valley, WA 99212
Branch Office901 W Riverside AveSpokane, WA 992011006