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Overview / Commentary
600 E Holly St
Bellingham, WA 98225

Whatcom Educational Credit Union is headquartered in Bellingham and is the 9th largest credit union in the state of Washington. It is also the 217st largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 253 employees and 72,218 members. Whatcom Educational Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Washington. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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 Whatcom Educational Credit Union had $3.12 million in non-current loans and owned real-estate with $181.67 million in equity and loan loss allowances on hand to cover it. This gives Whatcom Educational Credit Union a Texas Ratio of 1.72% 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 Whatcom Educational Credit Union decreased dramatically from 4.16% as of March 31, 2013 to 1.72% as of March 31, 2014, resulting in a positive change of 58.64%.This indicates that the balance sheet and financial strength for Whatcom Educational Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Whatcom Educational Credit Union has increased its total deposits by $68.92 million, resulting in 9.11% 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 Whatcom Educational 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. Whatcom Educational Credit Union has $1.01 billion in assets with $181.67 million in equity, resulting in a capitalization level of 17.93%, which is excellent.

Institution Statistics

NCUA #66373
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$1.01 billion
Loans$681.06 million
Deposits$825.39 million
Equity Capital$173.50 million
Loan Loss Allowance$8.18 million
Unbacked Noncurrent Loans$2.65 million
Real Estate Owned$470,000
Historic Data - March 2013
Assets$934.66 million
Equity Capital$160.41 million
Loan Loss Allowance$10.22 million
Unbacked Noncurrent Loans$2.65 million
Real Estate Owned$1.15 million
Profit Margin - Quarterly
Net Interest Margin1.13%
Return on Assets0.97%
Return on Equity5.69%
Interest Income$8.60 million

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Whatcom Educational Credit Union Savings Account Rates

0.50%--Primary Savings
0.50%--Summer Savings
0.50%--Education Savings
0.50%--Health Savings Account
0.50%--IRA Savings
0.50%--IRA (SEP) Savings

Whatcom Educational Credit Union Money Market Rates

0.25%$2,500-Money Market Checking

Whatcom Educational Credit Union Checking Account Rates

0.10%--Check Plus Account

Whatcom Educational Credit Union CD Rates

0.50%--12 Month CD
0.50%--18 Month CD
0.50%--24 Month CD
0.50%--30 Month CD
0.50%--36 Month CD
0.50%--48 Month CD
0.50%--60 Month CD
0.25%--6 Month CD

Whatcom Educational Credit Union IRA Rates

0.50%--12 Month IRA
0.50%--18 Month IRA
0.50%--24 Month IRA
0.50%--30 Month IRA
0.50%--36 Month IRA
0.50%--48 Month IRA
0.50%--60 Month IRA
0.25%--6 Month IRA

Whatcom Educational Credit Union has 11 locations. Click to view all Whatcom Educational Credit Union locations.