American Southwest Credit Union is headquartered in Sierra Vista and is the 16st largest credit union in the state of Arizona. It is also the 1,003rd largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 60 employees and 20,921 members. American Southwest Credit Union has a A health rating.
Field of Membership Restrictions
Must live, work, worship or attend school, and their immediate family members, and businesses in Cochise or Santa Cruz County as well as any of the following Arizona zip codes: 85602, 85614, 85615, 85622, 85628, 85629, 85641, 85646, 85706, 85707, 85708, 85714, 85730, 85734, 85746, 85747, 85748, or 85757. - See Details
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 American Southwest Credit Union had $694,000 in non-current loans and owned real-estate with $16.52 million in equity and loan loss allowances on hand to cover it. This gives American Southwest Credit Union a Texas Ratio of 4.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for American Southwest Credit Union experienced no significant changes from 2.34% as of December 31, 2012 to 4.20% as of December 31, 2013, resulting in a negative change of 79.62%. This indicates that the balance sheet and financial strength for American Southwest Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, American Southwest Credit Union has increased its total deposits by $10.84 million, resulting in 7.2% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American Southwest Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American Southwest Credit Union has $177.6 million in assets with $16.52 million in equity, resulting in a capitalization level of 9.30%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68567 |
| Year Chartered | 1955 |
| Employees | 60 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $177.60 million |
| Loans | $102.05 million |
| Deposits | $161.35 million |
| Equity Capital | $15.92 million |
| Loan Loss Allowance | $607,000 |
| Unbacked Noncurrent Loans | $408,000 |
| Real Estate Owned | $286,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $166.13 million |
| Equity Capital | $14.92 million |
| Loan Loss Allowance | $734,000 |
| Unbacked Noncurrent Loans | $408,000 |
| Real Estate Owned | $290,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.29% |
| Return on Assets | 0.62% |
| Return on Equity | 6.97% |
| Interest Income | $5.57 million |
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American Southwest Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $50 | - | Regular IRA Shares | |
| 0.08% | $50 | - | Regular Shares |
American Southwest Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.36% | $100k | - | Flex Money Market |
American Southwest Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.87% | $10k | - | 60 Month Share CD | |
| 1.44% | $10k | - | 48 Month Share CD | |
| 1.23% | $10k | - | 36 Month Share CD | |
| 1.10% | $10k | - | 30 Month Share CD | |
| 0.97% | $10k | - | 24 Month Share CD | |
| 0.75% | $10k | - | 18 Month Share CD | |
| 0.56% | $10k | - | 12 Month Share CD | |
| 0.35% | $10k | - | 06 Month Share CD |
American Southwest Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.87% | $10k | - | 60 Month IRA | |
| 1.44% | $10k | - | 48 Month IRA | |
| 1.23% | $10k | - | 36 Month IRA | |
| 1.10% | $10k | - | 30 Month IRA | |
| 0.97% | $10k | - | 24 Month IRA | |
| 0.75% | $10k | - | 18 Month IRA | |
| 0.56% | $10k | - | 12 Month IRA | |
| 0.35% | $10k | - | 06 Month IRA |
| American Southwest Credit Union Locations | ||
|---|---|---|
| Branch Office | 3090 E Fry Blvd | Sierra Vista, AZ 85635 |
| Branch Office | Winrow Rd Building 41331 | Fort Huachuca, AZ 85613-7079 |
| Branch Office | 1919 E 10th St | Douglas, AZ 85607-2407 |
| Branch Office | 1101 S Naco Hwy | Bisbee, AZ 85603-9727 |
| Branch Office | 654 E 7th St | Benson, AZ 85602-6638 |
| Branch Office | 357 W Mariposa Rd | Nogales, AZ 85621-1044 |
| Branch Office | 18800 S Nogales Hwy | Green Valley, AZ 85614 |