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Overview / Commentary
253-759-3244
5319 N 51st St
Ruston, WA 98407

Tacoma Narrows Credit Union is headquartered in RUSTON and is the 95th largest credit union in the state of Washington. It is also the 4,671st largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 2 employees and 1,013 members. Tacoma Narrows Credit Union has a B+ health rating.

Field of Membership Restrictions

Who can join Tacoma Narrows Federal Credit Union: -- Employees & retirees of many local businesses & government offices qualify for membership, as do their family members. -- Students including but not limited to High school, College, University, or Trade School. -- Anyone who qualifies as a part of our LIGHT membership program. - See Details

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Health

Data for Q4 2013

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. Tacoma Narrows Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 December 31, 2013 Tacoma Narrows Credit Union had $25,000 in non-current loans and owned real-estate with $1.3 million in equity and loan loss allowances on hand to cover it. This gives Tacoma Narrows Credit Union a Texas Ratio of 1.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Tacoma Narrows Credit Union experienced no significant changes from 0.08% as of December 31, 2012 to 1.93% as of December 31, 2013, resulting in a negative change of 2,465.49%. This indicates that the balance sheet and financial strength for Tacoma Narrows Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Tacoma Narrows Credit Union has increased its total deposits by $565,000, resulting in 8.46% 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 Tacoma Narrows 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. Tacoma Narrows Credit Union has $8.53 million in assets with $1.3 million in equity, resulting in a capitalization level of 15.22%, which is excellent.

Institution Statistics

Overall
NCUA #7104
Year Chartered1951
Employees2
Primary Regulator
Assets and Liabilities
Assets$8.53 million
Loans$2.91 million
Deposits$7.25 million
Equity Capital$1.27 million
Loan Loss Allowance$26,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Historic Data - December 2012
Assets$8.02 million
Equity Capital$1.31 million
Loan Loss Allowance$26,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.35%
Return on Assets-0.41%
Return on Equity-2.75%
Interest Income$281,000
Rates
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Tacoma Narrows Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Regular IRA 
0.20%$10k-Regular Share
0.20%--Holiday Savings

Tacoma Narrows Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$2,500-36 Month CD
0.70%$2,500-24 Month CD
0.40%$2,500-12 Month CD
0.25%$2,500-6 Month CD
Locations


Tacoma Narrows Credit Union Locations
Branch Office5319 N 51st StRUSTON, WA 98407