WCLA Credit Union

Overview / Commentary
2419 Pacific Ave SE
Olympia, WA 98501

WCLA Credit Union is headquartered in Olympia and is the 43rd largest credit union in the state of Washington. It is also the 1,840th largest credit union in the nation. It was established in 1984 and as of June of 2021, it had grown to 7 employees and 1,295 members at 1 location. WCLA Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

WCLA Credit Union is open to employees and members of the Washington Contract Loggers Association and any member of the timber industry including lumberyards, mills, or suppliers.
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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. WCLA Credit Union has a relatively low asset base.

Health Grade Components

NCUA #68328
Year Chartered1984
Primary Regulator
Profit Margin
Return on Assets - YTD2.4%
Return on Equity - YTD15.98%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$95.7MM$97.6MM
LoansQ2 2021vs Q2 2020$80.7MM$85.7MM
DepositsQ2 2021vs Q2 2020$70.2MM$71.3MM
Equity CapitalQ2 2021vs Q2 2020$14.2MM$11.7MM
Loan Loss AllowanceQ2 2021vs Q2 2020$586.00K$447.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$526.00K$293.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

WCLA Credit Union Savings Account Rates

0.75%--IRA Share Account
0.55%$5-Children's Share
0.10%$5-Share Account

WCLA Credit Union Money Market Rates

0.60%*$250k*-Tiered-Rate Share Account
OTHER TIERS: 0.15% $5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k | 0.45% $100k - $250k

WCLA Credit Union Checking Account Rates

0.25%--50-Plus Checking
0.10%--Business Basic Checking

WCLA Credit Union CD Rates

0.80%$500-22 Month CD Promo
0.70%$500-48 Month CD
0.65%$500-36 Month CD
0.60%$500-24 Month CD
0.50%$500-18 Month CD
0.35%$500-12 Month CD
0.15%$500-6 Month CD

WCLA Credit Union Locations
Branch Office2419 Pacific Ave SEOlympia, WA 98501

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