Overview / Commentary
SnoCope Credit Union is headquartered in Everett and is the 50th largest credit union in the state of Washington. It is also the 2,023rd largest credit union in the nation. It was established in 1959 and as of December of 2022, it had grown to 13 employees and 6,407 members at 1 location. SnoCope Credit Union has a B health rating.
Field of Membership Restrictions
SnoCope Credit Union is open to anyone who lives, works, worships, goes to school, or regularly conducts business in the state of Washington.
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Health
B
Data as of Q4 2022
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. SnoCope Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68622 |
| Year Chartered | 1959 |
| Employees | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 4.49% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $82.6MM$80.8MM |
| Loans | Q4 2022vs Q4 2021 | $50.3MM$36.6MM |
| Deposits | Q4 2022vs Q4 2021 | $76.8MM$74.2MM |
| Equity Capital | Q4 2022vs Q4 2021 | $5.4MM$6.1MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $356.00K$311.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $547.00K$227.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |