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Overview / Commentary
505-326-7701
2101 E. 20th St.
Farmington, NM 87401

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

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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

GRADE:
C-

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

GRADE:
B+

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

GRADE:
C

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 Chartered1956
Employees41
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 Margin4.5%
Return on Assets0.73%
Return on Equity9.19%
Interest Income$3.86 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Animas Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Animas Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.30%$75k-Money Market Checking

Animas Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Animas Advantage Checking
0.05%--Interest Checking

Animas Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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)
Locations


Animas Credit Union Locations
Branch Office2101 E 20th StFarmington, NM 87401-8901
Branch Office3850 E Main StFarmington, NM 87402-8726
Branch Office403 W Broadway AveBloomfield, NM 87413