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Primesource Credit Union

Overview
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Primesource Credit Union is a federally insured state credit union based in Spokane, Washington. It has been opened since 1935, for 85 years.

With around $81,930,000 in assets, Primesource Credit Union is considered to be a large credit union. It has 3 branches and 2 ATM locations.

About
Address P.O. Box 48275
Spokane, Washington 99228
Website http://www.primesourcecu.org
Phone (509) 838-6157
Fax (509) 838-5197
CEO Margaret M. Burkholz
President of the Board Leonard Selvaggio
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
7,321 members
Membership type: State chartered natural person credit union
Above average number of members
299:1
Credit union member to staff ratio
299 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$81,929,951
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
Primesource Credit Union Branch Locations

Primesource Credit Union
9707 North Nevada Street
Spokane, Washington 99218
ATM Available
Primesource Credit Union
428 E. 3rd Avenue
Spokane, Washington 99202
No ATM
Primesource Credit Union
9208 E. Sprague Avenue
Spokane Valley, Washington 99206
ATM Available
Members
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7,321 members
Membership type: State chartered natural person credit union
Above average number of members

With 7,321 members, the Primesource Credit Union is considered to be a large credit union. It is larger than 65% of credit unions.

Fees
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$55
Average fee per member
The average fee per member at the Primesource Credit Union is $55, which is comparable to most credit unions. This rate is lower than 45% 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 Primesource Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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299:1
Credit union member to staff ratio
299 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
24 staff members
FTE (full-time equivalent)
4% of employees are part-time
24 full-time, 1 part-time

Primesource Credit Union has 24 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 96% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Primesource Credit Union has around 299 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$81,929,951
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.
12.7%
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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$15,172
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 80% of credit unions.

Primesource Credit Union holds a total of $60,550,000 in loans and leases, which is about $15,172 per member on average.

Savings interest rate
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0.10%
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. Primesource Credit Union pays 0.10%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.69%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.31%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.14%
New car loan rate
Compared to 4.0% nationally
6.76%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.37%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.11%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally