Last week I wrote an article about the Whatcom County deposits in each of the banks and compared it to the local assets of credit unions. I would have preferred to compared deposits of banks to deposits of credit unions, but was having a difficult time finding the deposit info on the credit union website. Terri Salstrom, president and CEO of Industrial Credit Union, was able to track down and provide the deposit information to me. Thanks, Terri!
In total, local banks had about $3 billion in local deposits as of June 30, credit unions had a little over $1 billion in deposits.
So here are the rankings of banks and credit unions based on local deposits, as of June 30, 2012:
Whatcom Educational Credit Union: $675.4 million, 16.76 percent market share.
Peoples Bank: $658.6 million, 16.35 percent market share.
Washington Federal: $373.3 million, 9.27 percent market share.
Bank of America: $356.6 million, 8.85 percent market share.
U.S. Bank: $279.3 million, 6.93 percent market share.
Banner Bank: $227.4 million, 5.64 percent market share.
Wells Fargo: $197.7 million, 4.91 percent market share.
KeyBank: $195.3 million, 4.85 percent market share.
JP Morgan Chase: $194.8 million, 4.83 percent market share.
Whidbey Island Bank: $165.4 million, 4.11 percent market share.
Industrial Credit Union: $146.3 million, 3.63 percent market share.
North Coast Credit Union: $143.7 million, 3.57 percent market share.
Bank of the Pacific: $124.4 million, 3.09 percent market share.
Sterling Savings: $84.8 million, 2.11 percent market share.
Skagit State Bank: $64.2 million, 1.59 percent market share.
Union Bank: $49.4 million, 1.23 percent market share.
GaPac: $45.7 million, 1.13 percent market share.
Business Bank: $18.8 million, 0.47 percent market share.
Pacific Northwest Credit Union: $17.2 million, 0.43 percent market share.
Columbia State Bank: $6.5 million, 0.16 percent market share.
Ferndale Refinery: $3.7 million, 0.09 percent market share.
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