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Tacoma Narrows Credit Union

Overview
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Tacoma Narrows Credit Union is a federal credit union based in Ruston, Washington. It has been opened since 1951, for 69 years.

With around $8,200,000 in assets, Tacoma Narrows Credit Union is considered to be a medium size credit union.

About
Address 5319 North 51st Street
Ruston, Washington 98407
Phone (253) 759-3244
Fax (253) 759-1533
CEO Pat Sherfield
President of the Board Judy Headdress
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
923 members
Membership type: Multiple common bond – primary and fabricated metals
Below average number of members
308:1
Credit union member to staff ratio
308 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$8,201,780
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
Branches
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2 branches
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
Tacoma Narrows Credit Union Branch Locations

Tacoma Narrows Federal Credit Union
5319 North 51st Street
Ruston, Washington 98407
No ATM
Members
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923 members
Membership type: Multiple common bond – primary and fabricated metals
Below average number of members

With 923 members, the Tacoma Narrows Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 82% of credit unions.

Fees
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$13
Average fee per member
The average fee per member at the Tacoma Narrows Credit Union is $13, which is low compared to most credit unions. This rate is lower than 79% of all credit unions.
Fees are lower 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 Tacoma Narrows Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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308:1
Credit union member to staff ratio
308 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Tacoma Narrows Credit Union has 3 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. Tacoma Narrows Credit Union has around 308 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$8,201,780
Total assets
Below 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.
15.8%
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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$9,433
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 44% of credit unions.

Tacoma Narrows Credit Union holds a total of $3,910,000 in loans and leases, which is about $9,433 per member on average.

Savings interest rate
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Loan rates
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11.08%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.85%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.90%
New car loan rate
Compared to 4.0% nationally
6.24%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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3.87%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally