Rails West Federal Credit Union
Rails West Federal Credit Union is headquartered in Chubbuck and is the 19th largest credit union in the state of Idaho. It is also the 2,081st largest credit union in the nation. It was established in 1935 and as of September of 2022, it had grown to 21 employees and 8,258 members at 3 locations. Rails West Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to anyone through making a $20 donation to join the Bannock Humane Society. Membership is also open to employees and members of Belmont Care Center, Forced Air Systems, KPKY Radio, and over 50 area select organizations.
See current membership details
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RAILS WEST DERAILS
RailsWest has become like a bank with its predatory application of transaction processing order. I have not had a single teller able to tell me the daily process order for transactions. Most banks it is largest to smallest without concern if it is a debit or credit., Granted some will do debit first then credit, but to not know, and worse yet, to seemingly change based on what will generate the greatest fees is disconcerting. I have had issues with them forcing he waiving of Reg CC rules in order to use their remote deposit feature then placing holds on those funds that rival the 60's in duration.
Their website is either deliberately misleading or never updated. In the FAQ it says they Follow Regulation CC guidelines for Remote Deposit, but the actually policy states quite the opposite. However, they can not even stay consistent with complying with what is within their official policy.
Two words.... SEEK ANOTHER, (Lender, Check account provider, savings provider, financial service provider)
Just SEEK ANOTHER!
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 490 |
| Year Chartered | 1935 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.05% |
| Return on Equity - YTD | 0.58% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $79.4MM$75.2MM |
| Loans | Q3 2022vs Q3 2021 | $40.8MM$38.5MM |
| Deposits | Q3 2022vs Q3 2021 | $72.2MM$68.1MM |
| Equity Capital | Q3 2022vs Q3 2021 | $6.2MM$6.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $121.00K$94.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $272.00K$221.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |