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Overview / Commentary
503 NE Aztec Blvd
Aztec, NM 87410

BAB Credit Union is headquartered in Aztec and is the 36th largest credit union in the state of New Mexico. It is also the 4,869th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 2 employees and 1,481 members. BAB Credit Union's savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Founded in 1956, we are a member owned, not-for-profit organization that serves a closed membership of employees and their immediate family members in the Bloomfield, Aztec and Blanco school districts. - See Details

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Data for Q1 2014

Institution Health

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

Texas Ratio


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 BAB Credit Union had $50,000 in non-current loans and owned real-estate with $1.01 million in equity and loan loss allowances on hand to cover it. This gives BAB Credit Union a Texas Ratio of 4.94% 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 BAB Credit Union decreased dramatically from 7.44% as of March 31, 2013 to 4.94% as of March 31, 2014, resulting in a positive change of 33.64%.This indicates that the balance sheet and financial strength for BAB Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, BAB Credit Union has increased its total deposits by $504,000, resulting in 8.54% 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 BAB Credit Union has shown is excellent.



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. BAB Credit Union has $7.34 million in assets with $1.01 million in equity, resulting in a capitalization level of 13.80%, which is excellent.

Institution Statistics

NCUA #66185
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$7.34 million
Loans$5.73 million
Deposits$6.41 million
Equity Capital$922,000
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$50,000
Real Estate Owned$0
Historic Data - March 2013
Assets$6.70 million
Equity Capital$774,000
Loan Loss Allowance$73,000
Unbacked Noncurrent Loans$50,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.4%
Return on Assets1.63%
Return on Equity13.02%
Interest Income$95,000
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BAB Credit Union Savings Account Rates


BAB Credit Union Locations
Branch Office503 NE Aztec BlvdAztec, NM 87410