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 49^th largest credit union in the state of Washington. It is also the 2,012^th largest credit union in the nation. It was established in 1933 and as of December of 2022, it had grown to 16 employees and 5,537 members at 1 location. Progressions Credit Union's CD rates are 5X the national average, and it 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 and immediate family.
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Health

B+

Data as of Q4 2022

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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	0.51%
Return on Equity - YTD	5.83%
Annual Interest Income	$2.8MM

Assets and Liabilities
Assets	Q4 2022vs Q4 2021	$83.4MM$85.1MM
Loans	Q4 2022vs Q4 2021	$66.4MM$53.6MM
Deposits	Q4 2022vs Q4 2021	$75.5MM$77.7MM
Equity Capital	Q4 2022vs Q4 2021	$7.6MM$7.1MM
Loan Loss Allowance	Q4 2022vs Q4 2021	$367.00K$389.00K
Unbacked Noncurrent Loans	Q4 2022vs Q4 2021	$90.00K$81.00K
Real Estate Owned	Q4 2022vs Q4 2021	$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! Christmas Club
OTHER TIERS: 0.05% → $2k+
0.50%^*	-	$10k	Kasasa Saver
OTHER TIERS: 0.14% → $10k+
0.30%^*	$50k^*	-	Individual Retirement Account (IRA)
OTHER TIERS: 0.15% → $5 - $10k \| 0.20% → $10k - $50k
0.25%^*	$100k^*	-	Prime Savings Account
OTHER TIERS: 0.15% → $25k - $100k
0.05%	$50	-	Basic Savings
0.05%	$5	-	Youth Account “Jr. Stamper”
0.05%	-	-	Sub Savings
0.05%	$5	-	Youth Account “Boom!”
0.05%	$5	-	Youth Account “SmartBaby”

Progressions Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	$50k^*	-	SmartMarket Account
OTHER TIERS: 0.05% → $2k - $50k

Progressions Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.03%^*	-	$10k	Kasasa Cash Checking
OTHER TIERS: 0.10% → $10k+
0.25%	$10k	-	Prime Checking Account

Progressions Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.50%	$1k	-	12 Month CD Special
4.50%	$1k	-	18 Month CD Special
4.25%	$1k	-	24 Month CD Special
3.60%	$1k	-	36 Month CD Special
1.05%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.75% → $500 - $5k \| 0.85% → $10k - $25k \| 0.95% → $25k - $100k
1.05%^*	$100k^*	-	36 Month Step-Up CD
OTHER TIERS: 0.95% → $25k - $100k
1.00%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.65% → $500 - $5k \| 0.75% → $10k - $25k \| 0.85% → $25k - $100k
0.90%^*	$100k^*	-	18 Month CD
OTHER TIERS: 0.55% → $500 - $5k \| 0.65% → $10k - $25k \| 0.75% → $25k - $100k
0.75%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.45% → $500 - $5k \| 0.55% → $10k - $25k \| 0.65% → $25k - $100k
0.75%	$1k	-	6 Month CD Special
0.30%^*	$10k^*	-	6 Month CD
OTHER TIERS: 0.25% → $500 - $5k

Progressions Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.75% → $500 - $5k \| 0.85% → $10k - $25k \| 0.95% → $25k - $100k
1.00%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.65% → $500 - $5k \| 0.75% → $10k - $25k \| 0.85% → $25k - $100k
0.90%^*	$100k^*	-	18 Month IRA
OTHER TIERS: 0.55% → $500 - $5k \| 0.65% → $10k - $25k \| 0.75% → $25k - $100k
0.75%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.45% → $500 - $5k \| 0.55% → $10k - $25k \| 0.65% → $25k - $100k
0.30%^*	$10k^*	-	6 Month IRA
OTHER TIERS: 0.25% → $500 - $5k

Locations

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

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