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Cheney Federal Credit Union

Popular Accounts at this Credit Union

0.75%1-year CD12 Month Share Certificate
0.20%SavingsRegular Share Savings Account
0.95%2-year CD24 Month Share Certificate

Overview / Commentary
520 1ST ST
Cheney, WA 99004-1603

Cheney Federal Credit Union is headquartered in Cheney and is the 41st largest credit union in the state of Washington. It is also the 1,640th largest credit union in the nation. It was established in 1951 and as of September of 2017, it had grown to 16 employees and 5,211 members at 1 location. Cheney Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the Cheney or Medical Lake school districts, or is an immediate family member of a current member.
See current membership details


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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. Cheney Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #7101
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.58%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$95.1MM$90.8MM
LoansQ3 2017vs Q3 2016$41.1MM$37.3MM
DepositsQ3 2017vs Q3 2016$84.2MM$80.3MM
Equity CapitalQ3 2017vs Q3 2016$10.2MM$9.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$180.00K$151.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$117.00K$61.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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Cheney Federal Credit Union Savings Account Rates

0.50%--IRA Share Savings Account
0.50%--Roth IRA Share Savings Account
0.40%*$25k*-Super Saver Share Account
OTHER TIERS: 0.20% Up to $2,500 | 0.30% $2,500 - $5k | 0.35% $5k - $25k
0.20%$20-Regular Share Savings Account
0.20%--All Kid's Club Accounts
0.20%--Holiday Club Account

Cheney Federal Credit Union Checking Account Rates

0.10%$500-Share Draft Checking

Cheney Federal Credit Union CD Rates

1.05%$50k-24 Month Super Share Certificate
1.05%$50k-36 Month Super Share Bump Rate Certificate
0.95%$500-24 Month Share Certificate
0.95%$50k-18 Month Super Share Certificate
0.95%$500-36 Month Bump Rate Certificate
0.85%$500-18 Month Share Certificate
0.85%$50k-12 Month Super Share Certificate
0.75%$500-12 Month Share Certificate
0.65%$50k-6 Month Super Share Certificate
0.55%$500-6 Month Share Certificate

Cheney Federal Credit Union IRA Rates

2.18%$2k-60 Month IRA Share Certificate
1.00%$2k-48 Month IRA Share Certificate
0.95%$2k-36 Month IRA Share Certificate
0.85%$2k-18 Month IRA Share Certificate

Cheney Federal Credit Union Locations
Branch Office520 1ST STCheney, WA 99004-1603