American Lake Credit Union

Overview / Commentary

www.americanlake.org

253-584-0079

9802 Gravelly Lake Dr SW
Lakewood, WA 98499

American Lake Credit Union is headquartered in Lakewood and is the 56^th largest credit union in the state of Washington. It is also the 2,181^st largest credit union in the nation. It was established in 1948 and as of December of 2022, it had grown to 12 employees and 5,440 members at 4 locations. American Lake Credit Union's CD rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

American Lake Credit Union is open to anyone who lives, works, worships, or attends school in Washington state.
See current membership details

Reviews (1)

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DO NOT USE THIS CREDIT UNION

Posted by: Ron | Nov 19, 2011

STAY AWAY FROM AMERICAN LAKE CREDIT UNION AT AMERICAN LAKE V.A.

I OPENED A SAVINGS ACCOUNT THERE NOT A CHECKING ACCOUNT, MONTHS LATER I RECIEVED A LETTER FROM THEM ASKING ME IF I CLOSED MY ACCOUNT I TOOK THE LETTER IN TO THEM AND WAS TOLD THAT THEY CLOSED MY ACCOUNT BECAUSE IT WAS DORMENT ( REMEMBER ITS A SAVINGS ACCOUNT) AND THEY KEPT MY MONEY -THIS CREDIT UNION DOES NOT CARE IF YOUR A VETERN ALL THEY WANT IS YOUR MONEY ( THE AMOUNT WAS FIVE DOLLARS IF THEY WILL TAKE A VETERNS FIVE DOLLARS WHAT WILL THEY TAKE FROM YOU IF YOU LET THEM. THE INFO BELOW IS TRUE BECAUSE WHEN THEY TAKE YOUR MONEY AND DON NOT HAVE TO GIVE IT BACK IT MAKES THEM LOOK BETTER AND THE ARE NOT 5 STAR !!

Ronald Brown.

'

American Lake Credit Union is headquartered in Tacoma and is the 59th largest credit union in the state of Washington. It is also the 2,316st largest credit union in the nation. It was established in 1948 and as of June of 2011, it had grown to 15 employees and 5,624 members. American Lake Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

Comment

Health

Data as of Q4 2022

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. American Lake Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	68371
Year Chartered	1948
Employees	12
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.28%
Return on Equity - YTD	-2.14%
Annual Interest Income	$1.8MM

Assets and Liabilities
Assets	Q4 2022vs Q4 2021	$70.1MM$72.3MM
Loans	Q4 2022vs Q4 2021	$34.9MM$33.8MM
Deposits	Q4 2022vs Q4 2021	$60.3MM$62.2MM
Equity Capital	Q4 2022vs Q4 2021	$9.3MM$9.5MM
Loan Loss Allowance	Q4 2022vs Q4 2021	$317.00K$232.00K
Unbacked Noncurrent Loans	Q4 2022vs Q4 2021	$819.00K$685.00K
Real Estate Owned	Q4 2022vs Q4 2021	$0$0

Rates

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Savings
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not American Lake Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

American Lake Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$100k^*	-	Money Plus Shares
OTHER TIERS: 0.20% → Up to $5k \| 0.25% → $5k - $50k \| 0.35% → $50k - $100k
0.25%	$5	$5k	Holiday Shares
0.10%	$5	-	IRA Shares
0.02%	$5	-	Regular Shares

American Lake Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$5k^*	-	Money Plus Drafts Account
OTHER TIERS: 0.05% → Up to $5k
0.05%	$1k	-	Regular Drafts Account

American Lake Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.15%^*	$100k^*	-	1 Year Certificate
OTHER TIERS: 2.00% → $500 - $10k \| 2.05% → $10k - $50k \| 2.10% → $50k - $100k
2.10%^*	$100k^*	-	1 Year Certificate - Bump Feature
OTHER TIERS: 2.00% → $10k - $50k \| 2.05% → $50k - $100k
2.00%^*	$50k^*	-	6 Month Certificate
OTHER TIERS: 1.90% → $500 - $10k \| 1.95% → $10k - $50k
1.95%^*	$100k^*	-	2 Year Certificate
OTHER TIERS: 1.80% → $500 - $10k \| 1.85% → $10k - $50k \| 1.90% → $50k - $100k
1.90%^*	$100k^*	-	2 Year Certificate - Bump Feature
OTHER TIERS: 1.80% → $10k - $50k \| 1.85% → $50k - $100k
1.65%^*	$10k^*	-	5 Year Certificate
OTHER TIERS: 1.60% → $500 - $10k
1.55%^*	$10k^*	-	3 Year Certificate
OTHER TIERS: 1.50% → $500 - $10k
1.00%	$100	-	6 Month Verterans Family Fund Certificate
0.15%	$500	-	3 Month Certificate

American Lake Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.30%^*	$10k^*	-	5 Year IRA Certificate
OTHER TIERS: 1.20% → $500 - $10k
1.10%^*	$10k^*	-	30 Month IRA Certificate
OTHER TIERS: 1.00% → $500 - $10k
1.00%^*	$10k^*	-	18 Month IRA Certificate
OTHER TIERS: 0.90% → $500 - $10k

Locations

American Lake Credit Union Locations
Branch Office	9900 Veterans Dr SW	Tacoma, WA 98493-0001
Branch Office	803 E Portland Ave	Tacoma, WA 98421-3002
Corporate Office	9802 Gravelly Lake Dr SW	Lakewood, WA 98499-1704
Branch Office	Camp Murray, Building 16	Tacoma, WA 98430-0001

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