C
Washington State Employees Credit Union
OlympiaWA
Rating Date
March 2024
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Major Rating Factors: Fair current capitalization (4.8 on a scale of 0 to 10) based on a net capital to total assets of 7.2 and a net worth ratio of 8.9. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.7 on a scale of 0 to 10).
Other Rating Factors: A current level of 5.3 percent of nonperforming loans to core capital combined with 3.0 percent from a year earlier contributes to the Excellent asset quality (7.8). Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 0.6 has resulted in Good (7.0) profitability.
Asset Mix: Consumer loans (34%), home mtgs (24%), other (43%)
Asset Quality
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Hot Money
Corporate Info
Address
330 Union Avenue, SE
Olympia, WA 98501
Phone Number
(360) 943-7911
NCUA Charter Number
Largest Competitors
Weiss Ratings