Overview / Commentary
Progressions Credit Union is headquartered in Spokane and is the 46th largest credit union in the state of Washington. It is also the 1,897th largest credit union in the nation. It was established in 1933 and as of March of 2025, it had grown to 15 employees and 5,654 members at 2 locations. Progressions Credit Union has an A 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
Health
A
Data as of Q1 2025
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. Progressions Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68255 |
| Year Chartered | 1933 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.02% |
| Return on Equity - YTD | -0.24% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $93MM$90.2MM |
| Loans | Q1 2025vs Q1 2024 | $64.7MM$66.2MM |
| Deposits | Q1 2025vs Q1 2024 | $83.2MM$81.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $9MM$8.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $205K$290K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $28K$204K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |