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Overview / Commentary
360-293-5451
P.O. Box 248
Anacortes, WA 98221

Tesoro Northwest Credit Union is headquartered in Anacortes and is the 84th largest credit union in the state of Washington. It is also the 4,111st largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 4 employees and 1,996 members. Tesoro Northwest Credit Union has a B health rating.

Field of Membership Restrictions

Must be a Tesoro Company employee. - See Details

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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. Tesoro Northwest 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 Tesoro Northwest Credit Union had $225,000 in non-current loans and owned real-estate with $3.52 million in equity and loan loss allowances on hand to cover it. This gives Tesoro Northwest Credit Union a Texas Ratio of 6.40% 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 Tesoro Northwest Credit Union experienced no significant changes from 5.49% as of March 31, 2013 to 6.40% as of March 31, 2014, resulting in a negative change of 16.41%. This indicates that the balance sheet and financial strength for Tesoro Northwest Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Tesoro Northwest Credit Union has decreased its total deposits by $-645,000, resulting in -6.18% 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 Tesoro Northwest Credit Union has shown is below 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. Tesoro Northwest Credit Union has $13.24 million in assets with $3.52 million in equity, resulting in a capitalization level of 26.57%, which is excellent.

Institution Statistics

Overall
NCUA #11845
Year Chartered1957
Employees4
Primary Regulator
Assets and Liabilities
Assets$13.24 million
Loans$5.56 million
Deposits$9.79 million
Equity Capital$3.41 million
Loan Loss Allowance$111,000
Unbacked Noncurrent Loans$225,000
Real Estate Owned$0
Historic Data - March 2013
Assets$13.93 million
Equity Capital$3.53 million
Loan Loss Allowance$74,000
Unbacked Noncurrent Loans$225,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.6%
Return on Assets-0.6%
Return on Equity-2.35%
Interest Income$97,000
Rates
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Tesoro Northwest Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-Share Account
Locations


Tesoro Northwest Credit Union Locations
Branch Office12543 Christianson RdAnacortes, WA 98221-8682