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Spokane Credit Union

Overview
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Spokane Credit Union is a federal credit union based in Spokane, Washington. It has been opened since 1956, for 64 years.

With around $157,630,000 in assets, Spokane Credit Union is considered to be a large credit union. It has 3 branches and 2 ATM locations.

About
Address Po Box 2519
Spokane, Washington 99220
Website http://www.spokanefederal.com
Phone (509) 328-2900
Fax (509) 323-1348
CEO Charlotte Nemec
President of the Board Gloria Skibbie
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
11,361 members
Membership type: Community credit union
Above average number of members
237:1
Credit union member to staff ratio
237 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$157,631,620
Total assets
Above average
3 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
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
Spokane Credit Union Branch Locations

Spokane Federal Credit Union
601 W. Mallon Avenue
Spokane, Washington 99201
No ATM
Spokane Federal Credit Union
930 North Howard Street
Spokane, Washington 99201
ATM Available
Spokane Credit Union: Credit Union Service Center
1212 W. Francis Avenue
Spokane, Washington 99205
ATM Available
Members
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11,361 members
Membership type: Community credit union
Above average number of members

With 11,361 members, the Spokane Credit Union is considered to be a large credit union. It is larger than 73% of credit unions.

Fees
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$82
Average fee per member
The average fee per member at the Spokane Credit Union is $82, which is high compared to most credit unions. This rate is higher than 75% of all credit unions.
Fees are higher than 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 Spokane Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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237:1
Credit union member to staff ratio
237 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
48 staff members
FTE (full-time equivalent)
0% of employees are part-time
48 full-time, 0 part-time

Spokane Credit Union has 48 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. Spokane Credit Union has around 237 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$157,631,620
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.
10.2%
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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$12,205
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 66% of credit unions.

Spokane Credit Union holds a total of $106,530,000 in loans and leases, which is about $12,205 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. Spokane Credit Union pays 0.05%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.74%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.74%
New car loan rate
Compared to 4.0% nationally
4.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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