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Overview / Commentary
253-925-6800
P.O. Box 27030
Federal Way, WA 98093

Woodstone Credit Union is headquartered in Federal Way and is the 40th largest credit union in the state of Washington. It is also the 1,595th largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 28 employees and 10,891 members. Woodstone Credit Union has a B+ health rating.

Field of Membership Restrictions

Who Can Join Woodstone? You Can. * If you live, work, or worship in Washington State * If you work for the Weyerhaeuser Corporation or the Frank Russell Company, or one of our other employee groups * If you are related to someone who is eligible for membership. - See Details

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Health

Data for Q4 2013

Institution Health

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

Texas Ratio

GRADE:
A+

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 Woodstone Credit Union had $556,000 in non-current loans and owned real-estate with $10.56 million in equity and loan loss allowances on hand to cover it. This gives Woodstone Credit Union a Texas Ratio of 5.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Woodstone Credit Union decreased slightly from 6.29% as of December 31, 2012 to 5.27% as of December 31, 2013, resulting in a positive change of 16.27%.This indicates that the balance sheet and financial strength for Woodstone Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Woodstone Credit Union has decreased its total deposits by -$1.1 million, resulting in -1.38% 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 Woodstone Credit Union has shown is average.

Capitalization

GRADE:
A

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. Woodstone Credit Union has $89.83 million in assets with $10.56 million in equity, resulting in a capitalization level of 11.75%, which is excellent.

Institution Statistics

Overall
NCUA #60613
Year Chartered1941
Employees28
Primary Regulator
Assets and Liabilities
Assets$89.83 million
Loans$56.67 million
Deposits$78.74 million
Equity Capital$10.08 million
Loan Loss Allowance$472,000
Unbacked Noncurrent Loans$556,000
Real Estate Owned$0
Historic Data - December 2012
Assets$91.23 million
Equity Capital$10.22 million
Loan Loss Allowance$530,000
Unbacked Noncurrent Loans$556,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.66%
Return on Assets-0.06%
Return on Equity-0.55%
Interest Income$3.10 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Woodstone Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Woodstone Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$5kTandem Savings
0.15%$40k-Savings II
0.10%$20k-Savings
0.05%--Tandem Savings
0.05%--Holiday Savings
0.05%--Health Savings Account
0.05%$25-IRA Savings
0.05%$25-CESA Savings

Woodstone Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Flexible Performance Money Market

Woodstone Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$10kTandem Checking
0.05%--Tandem Checking
0.05%$4k-Interest Checking

Woodstone Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-3 Year Certificate - Monthly
0.50%$1k-3 Year Certificate - Quarterly
0.40%$1k-2 Year Certificate - Monthly
0.40%$1k-2 Year Certificate - Quarterly
0.35%$2,500-21 Month Bump Certificate - Monthly
0.25%$2,500-13 Month Bump and Boost Certificate - Monthly
0.25%$2,500-18 Month Bump Certificate - Monthly
0.25%$2,500-18 Month Bump Certificate - Quarterly
0.20%$1k-1 Year Certificate - Monthly
0.20%$1k-1 Year Certificate- At Maturity
0.10%$1k-6 Month Certificate - Monthly
0.10%$1k-6 Month Certificate - At Maturity

Woodstone Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-3 Year IRA - Monthly (Traditional,Roth,CESA)
0.50%$500-3 Year IRA - Quarterly (Traditional,Roth,CESA)
0.40%$500-2 Year IRA - Monthly (Traditional,Roth,CESA)
0.40%$500-2 Year IRA - Quarterly (Traditional,Roth,CESA)
0.35%$2,500-21 Month Bump IRA - Monthly (Traditional,Roth,CESA)
0.25%$2,500-13 Month Bump and Boost IRA - Monthly (Traditional,Roth,CESA)
0.25%$2,500-18 Month Bump IRA - Monthly (Traditional,Roth,CESA)
0.25%$2,500-18 Month Bump IRA - Quarterly (Traditional,Roth,CESA)
0.20%$500-1 Year IRA - Quarterly (Traditional,Roth,CESA)
0.20%$500-1 Year IRA - Monthly (Traditional,Roth,CESA)
0.10%$500-6 Month IRA - At Maturity (Traditional,Roth,CESA)
0.10%$500-6 Month IRA - Monthly (Traditional,Roth,CESA)
Locations


Woodstone Credit Union Locations
Branch Office1825 S 316th StFederal Way, WA 98003-5434