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 51^st largest credit union in the state of Washington. It is also the 2,037^th largest credit union in the nation. It was established in 1933 and as of December of 2019, it had grown to 16 employees and 5,364 members at 1 location. Progressions Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, attend school, worship or work in the state of Washington. Membership is also open to employees and retirees of the United States Postal Service in Eastern Washington and the state of Idaho.
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Health

B+

Data as of Q4 2019

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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. Progressions Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	68255
Year Chartered	1933
Employees	16
Primary Regulator

Profit Margin
Return on Assets - YTD	0.56%
Return on Equity - YTD	6.21%
Annual Interest Income	$2.8MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$66.6MM$63.6MM
Loans	Q4 2019vs Q4 2018	$53.5MM$51.2MM
Deposits	Q4 2019vs Q4 2018	$60.2MM$58.0MM
Equity Capital	Q4 2019vs Q4 2018	$5.9MM$5.5MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$242.00K$297.00K
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$74.00K$88.00K
Real Estate Owned	Q4 2019vs Q4 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

Progressions Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	-	$2k	Yes! Savings Account
OTHER TIERS: 0.10% → $2k+
1.00%^*	-	$50k	Kasasa Saver
OTHER TIERS: 0.25% → $50k+
0.30%^*	$50k^*	-	Individual Retirement Account (IRA)
OTHER TIERS: 0.15% → $5 - $10k \| 0.20% → $10k - $50k
0.25%^*	$100k^*	-	Prime Savings Account w/ checking
OTHER TIERS: 0.15% → $25k - $100k
0.10%	$50	-	Basic Savings
0.10%	$5	-	Youth Account “Jr. Stamper”
0.10%	-	-	Sub Savings
0.10%	$5	-	Youth Account “Boom!”
0.10%	$5	-	Youth Account “SmartBaby”

Progressions Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$50k^*	-	SmartMarket Account
OTHER TIERS: 0.15% → $2k - $10k \| 0.20% → $10k - $50k

Progressions Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.60%^*	-	$15k	Kasasa Checking
OTHER TIERS: 0.25% → $15k+
0.25%	$10k	-	Prime Checking Account

Progressions Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.95% → $500 - $50k \| 1.00% → $50k - $100k
1.10%^*	$100k^*	-	36 Month Step-Up CD
OTHER TIERS: 0.95% → $25k - $50k \| 1.00% → $50k - $100k
0.90%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.70% → $500 - $5k \| 0.75% → $10k - $25k \| 0.80% → $25k - $50k \| 0.85% → $50k - $100k
0.50%^*	$100k^*	-	18 Month CD
OTHER TIERS: 0.40% → $500 - $50k \| 0.45% → $50k - $100k
0.45%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.35% → $500 - $50k \| 0.40% → $50k - $100k
0.35%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.25% → $500 - $5k \| 0.30% → $10k - $50k
0.35%	$25	-	12 Month Save To Win CD

Progressions Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.95% → $500 - $50k \| 1.00% → $50k - $100k
0.90%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.70% → $500 - $5k \| 0.75% → $10k - $25k \| 0.80% → $25k - $50k \| 0.85% → $50k - $100k
0.50%^*	$100k^*	-	18 Month IRA
OTHER TIERS: 0.40% → $500 - $50k \| 0.45% → $50k - $100k
0.45%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.35% → $500 - $50k \| 0.40% → $50k - $100k
0.35%^*	$50k^*	-	6 Month IRA
OTHER TIERS: 0.25% → $500 - $5k \| 0.30% → $10k - $50k

Locations

Progressions Credit Union Locations
Branch Office	2919 E Mission AVE	Spokane, WA 99202-3624

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