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Overview / Commentary
800-686-2328
735 E Guadalupe Road
Tempe, AZ 85283

Bashas' Associates Credit Union is headquartered in Tempe and is the 31st largest credit union in the state of Arizona. It is also the 3,812st largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 11 employees and 4,865 members. Bashas' Associates Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of any of Bashas' Family of Companies, Padgett Seep and Associates, Serrano's Mexican Restaurant, Arizona Fleet Services or FirstCorp Credit Union. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bashas' Associates Credit Union has a 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 Bashas' Associates Credit Union had $59,000 in non-current loans and owned real-estate with $1.78 million in equity and loan loss allowances on hand to cover it. This gives Bashas' Associates Credit Union a Texas Ratio of 3.32% 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 Bashas' Associates Credit Union experienced no significant changes from 1.99% as of March 31, 2013 to 3.32% as of March 31, 2014, resulting in a negative change of 66.80%. This indicates that the balance sheet and financial strength for Bashas' Associates Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Bashas' Associates Credit Union has increased its total deposits by $220,000, resulting in 1.52% 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 Bashas' Associates Credit Union has shown is above average.

Capitalization

GRADE:
B+

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. Bashas' Associates Credit Union has $16.38 million in assets with $1.78 million in equity, resulting in a capitalization level of 10.84%, which is above average.

Institution Statistics

Overall
NCUA #18171
Year Chartered1967
Employees11
Primary Regulator
Assets and Liabilities
Assets$16.38 million
Loans$5.73 million
Deposits$14.70 million
Equity Capital$1.61 million
Loan Loss Allowance$165,000
Unbacked Noncurrent Loans$59,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.62 million
Equity Capital$1.78 million
Loan Loss Allowance$126,000
Unbacked Noncurrent Loans$59,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.77%
Return on Assets-0.46%
Return on Equity-4.72%
Interest Income$119,000
Rates
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Bashas' Associates Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%-$3kIRA Account
0.30%-$3kRoth IRA Account
0.30%-$3kCoverdell Education Savings Account

Bashas' Associates Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-2 Year Senior Rate Relationship CD
0.30%$1k-2 Year CD
0.20%$1k-1 Year CD
Locations


Bashas' Associates Credit Union Locations
Branch Office1940 W Indian School RdPhoenix, AZ 85015-5112
Branch Office735 E Guadalupe RdTempe, AZ 85283-2911