Animas Credit Union is headquartered in Farmington and is the 14st largest credit union in the state of New Mexico. It is also the 1,325th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 41 employees and 14,646 members. Animas Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Must live or work in San Juan County, New Mexico. - 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 Animas Credit Union had $724,000 in non-current loans and owned real-estate with $9.8 million in equity and loan loss allowances on hand to cover it. This gives Animas Credit Union a Texas Ratio of 7.38% 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 Animas Credit Union increased slightly from 2.21% as of December 31, 2012 to 7.38% as of December 31, 2013, resulting in a negative change of 234.71%. This indicates that the balance sheet and financial strength for Animas Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, Animas Credit Union has increased its total deposits by $1.29 million, resulting in 1.19% 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 Animas Credit Union has shown is above average.
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. Animas Credit Union has $119.74 million in assets with $9.8 million in equity, resulting in a capitalization level of 8.19%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 66142 |
| Year Chartered | 1956 |
| Employees | 41 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $119.74 million |
| Loans | $75.70 million |
| Deposits | $109.93 million |
| Equity Capital | $9.46 million |
| Loan Loss Allowance | $347,000 |
| Unbacked Noncurrent Loans | $724,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $118.53 million |
| Equity Capital | $9.10 million |
| Loan Loss Allowance | $419,000 |
| Unbacked Noncurrent Loans | $724,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.5% |
| Return on Assets | 0.73% |
| Return on Equity | 9.19% |
| Interest Income | $3.86 million |
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Animas Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.65% | - | - | IRA Savings | |
| 0.65% | - | - | Roth IRA Savings | |
| 0.65% | - | - | CESA Savings | |
| 0.30% | $75k | - | Primary Tiered Savings | |
| 0.30% | $75k | - | Kid's Club | |
| 0.30% | $75k | - | Holiday Club |
Animas Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $75k | - | Money Market Checking |
Animas Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Animas Advantage Checking | |
| 0.05% | - | - | Interest Checking |
Animas Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $500 | - | 60 Month CD | |
| 0.48% | $500 | - | 48-59 Month CD | |
| 0.25% | $500 | - | 36-47 Month CD | |
| 0.15% | $500 | - | 24-35 Month CD | |
| 0.12% | $500 | - | 18-23 Month CD | |
| 0.08% | $500 | - | 12-17 Month CD | |
| 0.07% | $500 | - | 6-11 Month CD |
Animas Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $500 | - | 60 Month IRA (Traditional,Roth,CESA) | |
| 0.48% | $500 | - | 48-59 Month IRA (Traditional,Roth,CESA) | |
| 0.25% | $500 | - | 36-47 Month IRA (Traditional,Roth,CESA) | |
| 0.15% | $500 | - | 24-35 Month IRA (Traditional,Roth,CESA) | |
| 0.12% | $500 | - | 18-23 Month IRA (Traditional,Roth,CESA) | |
| 0.08% | $500 | - | 12-17 Month IRA (Traditional,Roth,CESA) | |
| 0.07% | $500 | - | 6-11 Month IRA (Traditional,Roth,CESA) |
| Animas Credit Union Locations | ||
|---|---|---|
| Branch Office | 2101 E 20th St | Farmington, NM 87401-8901 |
| Branch Office | 3850 E Main St | Farmington, NM 87402-8726 |
| Branch Office | 403 W Broadway Ave | Bloomfield, NM 87413 |