Progressions Credit Union


Overview / Commentary
509-535-0191
2919 E Mission AVE
Spokane, WA 99202

Progressions Credit Union is headquartered in Spokane and is the 48th largest credit union in the state of Washington. It is also the 1,933rd largest credit union in the nation. It was established in 1933 and as of March of 2024, it had grown to 16 employees and 5,687 members at 2 locations. Progressions Credit Union has a B+ health rating.

Field of Membership Restrictions

Progressions Credit Union is open to anyone who lives, works, worships, or goes to school anywhere in Washington State. Membership also extends to employees/retirees of the USPS (currently Eastern Washington and all of Idaho) and immediate family.
See current membership details

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Health
B+
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. Progressions Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #68255
Year Chartered1933
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.86%
Annual Interest Income$1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$90.2MM$86.1MM
LoansQ1 2024vs Q1 2023$66.2MM$70MM
DepositsQ1 2024vs Q1 2023$81.2MM$77.5MM
Equity CapitalQ1 2024vs Q1 2023$8.6MM$8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$290K$372K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$204K$96K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Progressions Credit Union are currently being reviewed.

Locations


Progressions Credit Union Locations
Branch Office2919 E Mission AVESpokane, WA 99202-3624
Branch Office9233 N Nevada StSpokane, WA 99218-5023

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