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Overview / Commentary
575-748-9779
210 N 5th St
Artesia, NM 88210-2000

Artesia Credit Union is headquartered in Artesia and is the 15st largest credit union in the state of New Mexico. It is also the 1,620th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 17 employees and 6,947 members. Artesia Credit Union's savings rates are 15% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must work in the Artesia Public School or several related companies. Also open to those who live, work or worship in Eddy or Chaves County within a 30 mile radius of the Artesia Credit Union branch located at 210 N. 5th Street in Artesia, New Mexico. - See Details

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Artesia Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Artesia Credit Union had $169,000 in non-current loans and owned real-estate with $10.39 million in equity and loan loss allowances on hand to cover it. This gives Artesia Credit Union a Texas Ratio of 1.63% 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 Artesia Credit Union experienced no significant changes from 1.28% as of March 31, 2013 to 1.63% as of March 31, 2014, resulting in a negative change of 26.71%. This indicates that the balance sheet and financial strength for Artesia Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Artesia Credit Union has increased its total deposits by $412,000, resulting in 0.52% 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 Artesia Credit Union has shown is above average.

Capitalization

GRADE:
A

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. Artesia Credit Union has $90.46 million in assets with $10.39 million in equity, resulting in a capitalization level of 11.49%, which is excellent.

Institution Statistics

Overall
NCUA #62783
Year Chartered1955
Employees17
Primary Regulator
Assets and Liabilities
Assets$90.46 million
Loans$47.27 million
Deposits$79.30 million
Equity Capital$10.13 million
Loan Loss Allowance$267,000
Unbacked Noncurrent Loans$169,000
Real Estate Owned$0
Historic Data - March 2013
Assets$88.64 million
Equity Capital$9.02 million
Loan Loss Allowance$332,000
Unbacked Noncurrent Loans$169,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.29%
Return on Assets1.49%
Return on Equity13.31%
Interest Income$727,000
Rates
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Artesia Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-IRA Share Savings
0.60%$100k-Roth IRA Share Savings
0.60%$100k-Education IRA Share Savings
0.30%$50k-Regular Share Savings

Artesia Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market (Big Dog Investor)

Artesia Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$5k-60 Month Share Certificate
0.80%$5k-48 Month Share Certificate
0.75%$5k-36 Month Share Certificate
0.55%$5k-24 Month Share Certificate
0.35%$5k-12 Month Share Certificate
0.10%$5k-6 Month Share Certificate

Artesia Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%--24 Month IRA
0.40%--12 Month IRA
Locations


Artesia Credit Union Locations
Branch Office210 N 5th StArtesia, NM 88210-2000