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American Lake Credit Union

Overview
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American Lake Credit Union is a federally insured state credit union based in Lakewood, Washington. It has been opened since 1948, for 72 years.

With around $68,590,000 in assets, American Lake Credit Union is considered to be a large credit union. It has 4 branches and 3 ATM locations.

About
Address Po Box 98979
Lakewood, Washington 98496
Website http://www.americanlake.org
Phone (253) 584-0079
Fax (253) 581-5035
CEO Kolin C. Mcmann
President of the Board Glen Neal
Services Offered
Map
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Score Card
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72 years
Years in business
Opened in 1948
Well Capitalized
Net worth classification
Source: NCUA
6,280 members
Membership type: State chartered natural person credit union
Above average number of members
292:1
Credit union member to staff ratio
292 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$68,594,191
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
6.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
American Lake Credit Union Branch Locations

American Lake Credit Union: Alcu - Lakewood
9802 Gravelly Lake Drive SW
Lakewood, Washington 98499
ATM Available
American Lake Credit Union: Alcu - Kbr Branch
803 E. Portland Avenue
Tacoma, Washington 98421
No ATM
American Lake Credit Union: Alcu - Camp Murray
5146 Camp Murray
Tacoma, Washington 98430
ATM Available
American Lake Credit Union: Alcu - Va Branch
9900 Veterans Drive SW
Tacoma, Washington 98493
ATM Available
Members
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6,280 members
Membership type: State chartered natural person credit union
Above average number of members

With 6,280 members, the American Lake Credit Union is considered to be a large credit union. It is larger than 61% of credit unions.

Fees
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$50
Average fee per member
The average fee per member at the American Lake Credit Union is $50, which is comparable to most credit unions. This rate is lower than 49% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the American Lake Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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292:1
Credit union member to staff ratio
292 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
22 staff members
FTE (full-time equivalent)
21% of employees are part-time
19 full-time, 5 part-time

American Lake Credit Union has 19 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 79% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. American Lake Credit Union has around 292 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$68,594,191
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,441
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 53% of credit unions.

American Lake Credit Union holds a total of $31,730,000 in loans and leases, which is about $10,441 per member on average.

Savings interest rate
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. American Lake Credit Union pays 0.05%.

Loan rates
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6.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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3.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally