Credit union · NCUA insured
Spokane Firefighters Credit Union Carrot Score
A $86.5M credit union headquartered in Spokane, WA, with 2,553 members and 1 branch in Washington.
Spokane Firefighters Credit Union Carrot Score
71
Carrot Score
Higher than 30% of U.S. banks and credit unions
- CDs66
- Savings76
- Auto loans81
- Credit cardsNot scored
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Spokane Firefighters Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
66beats 16% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.03% | 33% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.29% | 31% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 2.02% | 18% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 2.27% | 25% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.29% | 19% | 3.85% | 4.15% | 4.35% |
Best rates 32.1 · all terms 25.2 → 29.3 → 66
Savings
76beats 42% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.35% | 66% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.40% | 43% | 0.50% | 1.15% | 2.20% |
| $100,000 | 0.50% | 35% | 1.00% | 2.01% | 2.93% |
| Qualified | 0.40% | 38% | 0.60% | 1.31% | 2.43% |
Best rates 40.7 · all balances 45.2 → 42.5 → 76
Auto loans
81top 45% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 4.49%counts as 4.74% | 74% | 5.00% | 4.74% | 4.25% |
| Used vehicle | Not offered | 0% | 5.39% | 4.99% | 4.49% |
Best rates 74.3 · all vehicles 37.1 → 59.4 → 81
Credit cards
Not scoredWhere the score could improve
- Auto loans, Used vehicle4.99%Not offered, lower than 0% of U.S. institutions. 4.99% would reach the top quarter; 4.49% the top 10%.
- Savings, $10,0001.15%0.40% today, higher than 43% of U.S. institutions. 1.15% would reach the top quarter; 2.20% the top 10%.
- Savings, $100,0002.01%0.50% today, higher than 35% of U.S. institutions. 2.01% would reach the top quarter; 2.93% the top 10%.
- To score in the 90s3.83%At least one product needs a rate near the best in the country, like 3.83% or more on a 9-15 month CD (3.29% today), and strong rates on its other terms.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Spokane Firefighters Credit Union got its score
Its products stand at 59.4 for auto loans, 42.5 for savings and 29.3 for CDs, out of 100. Its best two, auto loans and savings, average 51.0. Publishing three products adds 1.5, for 52.5. That puts it ahead of 30% of U.S. banks and credit unions: a Carrot Score of 71.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.