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Overview / Commentary
P.O. Box 207
Olympia, WA 98507

WCLA Credit Union is headquartered in Olympia and is the 69th largest credit union in the state of Washington. It is also the 2,889th largest credit union in the nation. It was established in 1984 and as of December of 2013, it had grown to 4 employees and 1,063 members. WCLA Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be a member of the Washington Contract Loggers Association or be an individual associated in the Forest Product industry. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. WCLA Credit Union has a low asset base.

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, 2013 WCLA Credit Union had $298,000 in non-current loans and owned real-estate with $3.81 million in equity and loan loss allowances on hand to cover it. This gives WCLA Credit Union a Texas Ratio of 7.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for WCLA Credit Union decreased dramatically from 16.28% as of December 31, 2012 to 7.82% as of December 31, 2013, resulting in a positive change of 51.95%.This indicates that the balance sheet and financial strength for WCLA Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, WCLA Credit Union has increased its total deposits by $4.68 million, resulting in 21.77% 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 WCLA Credit Union has shown is excellent.



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. WCLA Credit Union has $31.12 million in assets with $3.81 million in equity, resulting in a capitalization level of 12.24%, which is excellent.

Institution Statistics

NCUA #68328
Year Chartered1984
Primary Regulator
Assets and Liabilities
Assets$31.13 million
Loans$27.38 million
Deposits$26.16 million
Equity Capital$3.49 million
Loan Loss Allowance$321,000
Unbacked Noncurrent Loans$298,000
Real Estate Owned$0
Historic Data - December 2012
Assets$25.11 million
Equity Capital$2.81 million
Loan Loss Allowance$322,000
Unbacked Noncurrent Loans$298,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.23%
Return on Assets2.2%
Return on Equity19.6%
Interest Income$1.34 million

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WCLA Credit Union Savings Account Rates

0.45%--Children's Share
0.10%--Share Account

WCLA Credit Union Money Market Rates

0.50%$100k-Money Market Account

WCLA Credit Union Checking Account Rates

0.30%--Remote Deposit Capture Checking
0.25%--50 Plus Business Checking

WCLA Credit Union CD Rates

1.00%$500-23 Month CD Special
0.80%$500-36 Month CD
0.65%$500-24 Month CD
0.60%$500-18 Month CD
0.45%$500-12 Month CD
0.25%$500-6 Month CD

WCLA Credit Union Locations
Branch Office2419 Pacific Ave SEOlympia, WA 98501