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Overview / Commentary
202-456-2900
1724 F St NW
Washington, DC 20505

White House Credit Union is headquartered in WASHINGTON and is the 60th largest credit union in the District of Columbia. It is also the 2,063rd largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 15 employees and 6,337 members. White House Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of The White House (The Administration - people who work in The West Wing, The East Wing, The Cabinet or Executive Office of the President) - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. White House Credit Union has a relatively 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 White House Credit Union had $301,000 in non-current loans and owned real-estate with $4.1 million in equity and loan loss allowances on hand to cover it. This gives White House Credit Union a Texas Ratio of 7.34% 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 White House Credit Union experienced no significant changes from 6.03% as of March 31, 2013 to 7.34% as of March 31, 2014, resulting in a negative change of 21.72%. This indicates that the balance sheet and financial strength for White House Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, White House Credit Union has decreased its total deposits by -$1.59 million, resulting in -2.7% 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 White House Credit Union has shown is below average.

Capitalization

GRADE:
C-

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. White House Credit Union has $61.65 million in assets with $4.1 million in equity, resulting in a capitalization level of 6.65%, which is below average.

Institution Statistics

Overall
NCUA #263
Year Chartered1935
Employees15
Primary Regulator
Assets and Liabilities
Assets$61.65 million
Loans$22.58 million
Deposits$57.48 million
Equity Capital$3.83 million
Loan Loss Allowance$269,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$0
Historic Data - March 2013
Assets$63.47 million
Equity Capital$3.57 million
Loan Loss Allowance$457,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.25%
Return on Equity3.97%
Interest Income$448,000
Rates
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White House Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Traditional IRA
0.15%$100-Roth IRA
0.15%$100-SEP IRA
0.01%--Young Savers Account
0.01%--Regular Share Account
0.01%--Special Share Account

White House Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$10k-Money Market Account

White House Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-48 Month CD
0.35%$1k-36 Month CD
0.25%$1k-24 Month CD
0.15%$1k-12 Month CD
0.10%$1k-6 Month CD

White House Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-48 Month IRA
0.35%$1k-36 Month IRA
0.25%$1k-24 Month IRA
0.15%$1k-12 Month IRA
Locations


White House Credit Union Locations
Branch Office1724 F ST NWWASHINGTON, DC 20505-0004