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Progressions Credit Union

Overview
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Progressions Credit Union is a federally insured state credit union based in Spokane, Washington. It has been opened since 1933, for 87 years.

With around $63,610,000 in assets, Progressions Credit Union is considered to be a large credit union. It has 1 branches and 2 ATM locations.

About
Address 2919 E. Mission Avenue
Spokane, Washington 99202
Website http://progressionscu.org
Phone (509) 535-0191
Fax (509) 622-2050
CEO Jay Williamson
President of the Board William O'Halloran
Services Offered
Map
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Score Card
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87 years
Years in business
Opened in 1933
Well Capitalized
Net worth classification
Source: NCUA
5,208 members
Membership type: State chartered natural person credit union
Average number of members
347:1
Credit union member to staff ratio
347 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$63,605,953
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
10.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
Progressions Credit Union Branch Locations

Progressions Credit Union: Main Branch
2919 E. Mission Avenue
Spokane, Washington 99202
ATM Available
Members
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5,208 members
Membership type: State chartered natural person credit union
Average number of members

With 5,208 members, the Progressions Credit Union is considered to be a medium size credit union. It is larger than 58% of credit unions.

Fees
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$47
Average fee per member
The average fee per member at the Progressions Credit Union is $47, which is comparable to most credit unions. This rate is lower than 51% 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 Progressions Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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347:1
Credit union member to staff ratio
347 per each FTE employee
Compared to 411:1 nationally
Average number of staff
15 staff members
FTE (full-time equivalent)
0% of employees are part-time
15 full-time, 0 part-time

Progressions Credit Union has 15 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Progressions Credit Union has around 347 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$63,605,953
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.
8.7%
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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$15,106
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 80% of credit unions.

Progressions Credit Union holds a total of $51,180,000 in loans and leases, which is about $15,106 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. Progressions Credit Union pays 0.10%.

Loan rates
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10.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.74%
New car loan rate
Compared to 4.0% nationally
7.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.24%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.09%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally