Overview / Commentary
Longshore Federal Credit Union is headquartered in Hoquiam and is the 76th largest credit union in the state of Washington. It is also the 3,954th largest credit union in the nation. It was established in 1960 and as of December of 2022, it had grown to 2 employees and 434 members at 1 location. Longshore Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Longshore Federal Credit Union is open to those who live, attend school, work, volunteer or worship in Grays Harbor County, Washington. Employees of Longshore FCU and their immediate family or household members are also eligible to join.
See current membership details
Health
C+
Data as of Q4 2022
Learn why bank health mattersAdditional 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. Longshore Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13857 |
| Year Chartered | 1960 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 4.46% |
| Annual Interest Income | $250.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $9.0MM$8.3MM |
| Loans | Q4 2022vs Q4 2021 | $3.9MM$3.1MM |
| Deposits | Q4 2022vs Q4 2021 | $8.2MM$7.6MM |
| Equity Capital | Q4 2022vs Q4 2021 | $650.00K$621.00K |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $27.00K$22.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $70.00K$33.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |