Whatcom Educational Credit Union

Whatcom Educational Credit Union is headquartered in Bellingham and is the 12^st largest credit union in the state of Washington. It is also the 251^st largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 238 employees and 66,077 members. Whatcom Educational Credit Union has a 5-star health rating.

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Whatcom Educational Credit Union Money Market Rates

Data for Q4 2011

Institution Statistics WHATCOM EDUCATIONAL NCUA # 66373 BankRate Report View Year Chartered 1936 Employees 238 Primary Regulator Assets and Liabilities Assets $775.77 million Loans $607.37 million Deposits $616.40 million Equity Capital $139.35 million Loan Loss Allowance $8.96 million Unbacked Noncurrent Loans $8.80 million Real Estate Owned $1.22 million Historic Data - December 2010 Assets $706.19 million Equity Capital $126.10 million Loan Loss Allowance $7.39 million Unbacked Noncurrent Loans $10.57 million Real Estate Owned $1.68 million Profit Margin - Quarterly Net Interest Margin 5.28% Return on Assets 1.71% Return on Equity 9.52% Interest Income $35.30 million Non-Interest Income $14.70 million

Institution Health Overall Score: 5 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 Whatcom Educational Credit Union had $10.01 million in non-current loans and owned real-estate with $148.31 million in equity and loan loss allowances on hand to cover it. This gives Whatcom Educational Credit Union a Texas Ratio of 6.75% 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 slightly from 9.17% as of December 31, 2010 to 6.75% as of December 31, 2011, resulting in a positive change of 26.41%.This indicates that the balance sheet and financial strength for Whatcom Educational Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Whatcom Educational Credit Union has increased its total deposits by $56.83 million, resulting in 10.16% 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. 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. Whatcom Educational Credit Union has $775.77 million in assets with $148.31 million in equity, resulting in a capitalization level of 19.12%, which is excellent.

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