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.
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
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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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$4.34 million|
|Loan Loss Allowance||$31,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$4.27 million|
|Loan Loss Allowance||$29,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.09%|
|Return on Assets||0.03%|
|Return on Equity||0.18%|
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|0.10%||$50||-||Christmas Club Account|
|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|
|State Highway Credit Union Locations|
|Branch Office||2632 Rudkin Rd||Union Gap, WA 98903-1633|