Washington State Employees Credit Union

Washington State Employees Credit Union is headquartered in OLYMPIA and is the 2^nd largest credit union in the state of Washington. It is also the 85^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 457 employees and 171,037 members. Washington State Employees Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics WASHINGTON STATE EMPLOYEES NCUA # 60042 BankRate Report View Year Chartered 1957 Employees 457 Primary Regulator Assets and Liabilities Assets $1.66 billion Loans $970.18 million Deposits $1.46 billion Equity Capital $170.79 million Loan Loss Allowance $18.56 million Unbacked Noncurrent Loans $18.18 million Real Estate Owned $1.95 million Historic Data - December 2010 Assets $1.55 billion Equity Capital $158.56 million Loan Loss Allowance $18.59 million Unbacked Noncurrent Loans $20.38 million Real Estate Owned $1.13 million Profit Margin - Quarterly Net Interest Margin 5.93% Return on Assets 0.66% Return on Equity 6.45% Interest Income $65.12 million Non-Interest Income $36.14 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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, 2011 Washington State Employees Credit Union had $20.13 million in non-current loans and owned real-estate with $189.35 million in equity and loan loss allowances on hand to cover it. This gives Washington State Employees Credit Union a Texas Ratio of 10.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Washington State Employees Credit Union held steady from 12.14% as of December 31, 2010 to 10.63% as of December 31, 2011, resulting in a positive change of 12.45%.This indicates that the balance sheet and financial strength for Washington State Employees Credit Union has held steady in recent periods. Deposit Growth In the past year, Washington State Employees Credit Union has increased its total deposits by $85.16 million, resulting in 6.21% 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 Washington State Employees Credit Union has shown is excellent. Capitalization 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. Washington State Employees Credit Union has $1.66 billion in assets with $189.35 million in equity, resulting in a capitalization level of 11.42%, which is above average.

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