Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
509-248-5522
2632 Rudkin Rd
Union Gap, WA 98903-1633

State Highway Credit Union is headquartered in Union Gap and is the 70th largest credit union in the state of Washington. It is also the 2,971st largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 5 employees and 1,805 members. State Highway Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of the Washington State Department of Transportation, Washington State Patrol, Washington State Department of Licensing, Department of Labor & Industries, City of Union Gap, Union Gap School District or the Yakima Health District. Also open to members of Central Washington Agricultural Museum. - See Details

No reviews have been left for this bank yet. Be the first to review.



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. State Highway 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 State Highway Credit Union had $0 in non-current loans and owned real-estate with $4.37 million in equity and loan loss allowances on hand to cover it. This gives State Highway 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:
B+

In the past year, State Highway Credit Union has increased its total deposits by $644,000, resulting in 2.58% 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 State Highway Credit Union has shown is above average.

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. State Highway Credit Union has $29.98 million in assets with $4.37 million in equity, resulting in a capitalization level of 14.57%, which is excellent.

Institution Statistics

Overall
NCUA #68198
Year Chartered1938
Employees5
Primary Regulator
Assets and Liabilities
Assets$29.98 million
Loans$12.01 million
Deposits$25.61 million
Equity Capital$4.34 million
Loan Loss Allowance$31,000
Real Estate Owned$0
Historic Data - March 2013
Assets$29.25 million
Equity Capital$4.27 million
Loan Loss Allowance$29,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets0.03%
Return on Equity0.18%
Interest Income$163,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not State Highway Credit Union, we are a rate comparison website and can not provide official rates or promotions.

State Highway Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$50-Traditional IRA
0.45%$50-Roth IRA
0.45%$50-Educational IRA
0.10%$50-Regular Share
0.10%$50-Christmas Club Account

State Highway Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.55%$20k-12 Month Jumbo CD
0.45%$1k-12 Month CD
0.35%$20k-6 Month Jumbo CD
0.25%$500-6 Month CD
Locations


State Highway Credit Union Locations
Branch Office2632 Rudkin RdUnion Gap, WA 98903-1633