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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 32nd largest credit union in the state of Arizona. It is also the 3,902nd largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 10 employees and 4,872 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 Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bashas' Associates Credit Union had $30,000 in non-current loans and owned real-estate with $1.82 million in equity and loan loss allowances on hand to cover it. This gives Bashas' Associates Credit Union a Texas Ratio of 1.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Bashas' Associates Credit Union decreased slightly from 2.18% as of December 31, 2012 to 1.65% as of December 31, 2013, resulting in a positive change of 24.45%.This indicates that the balance sheet and financial strength for Bashas' Associates Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Bashas' Associates Credit Union has decreased its total deposits by $-121,000, resulting in -0.89% 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 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. Bashas' Associates Credit Union has $15.09 million in assets with $1.82 million in equity, resulting in a capitalization level of 12.08%, which is excellent.

Institution Statistics

Overall
NCUA #18171
Year Chartered1967
Employees10
Primary Regulator
Assets and Liabilities
Assets$15.09 million
Loans$6.07 million
Deposits$13.41 million
Equity Capital$1.63 million
Loan Loss Allowance$193,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Historic Data - December 2012
Assets$15.65 million
Equity Capital$1.84 million
Loan Loss Allowance$136,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.04%
Return on Assets-1.38%
Return on Equity-12.76%
Interest Income$514,000
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