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Overview / Commentary
505-864-4740
222 N 4th St
Belen, NM 87002

Belen Railway Employees Credit Union is headquartered in Belen and is the 27th largest credit union in the state of New Mexico. It is also the 3,316st largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 7 employees and 1,873 members. Belen Railway Employees Credit Union's savings rates are 92% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Who Can Join? Employees of the Burlington Northern and Santa Fe Railway. Members of their immediate family. Employees of the Belen Railway Employees 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. Belen Railway Employees 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 Belen Railway Employees Credit Union had $202,000 in non-current loans and owned real-estate with $3.12 million in equity and loan loss allowances on hand to cover it. This gives Belen Railway Employees Credit Union a Texas Ratio of 6.48% 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 Belen Railway Employees Credit Union decreased slightly from 9.06% as of March 31, 2013 to 6.48% as of March 31, 2014, resulting in a positive change of 28.52%.This indicates that the balance sheet and financial strength for Belen Railway Employees Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Belen Railway Employees Credit Union has decreased its total deposits by $-704,000, resulting in -3.3% 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 Belen Railway Employees Credit Union has shown is below 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. Belen Railway Employees Credit Union has $23.68 million in assets with $3.12 million in equity, resulting in a capitalization level of 13.17%, which is excellent.

Institution Statistics

Overall
NCUA #62841
Year Chartered1955
Employees7
Primary Regulator
Assets and Liabilities
Assets$23.68 million
Loans$13.52 million
Deposits$20.63 million
Equity Capital$3.01 million
Loan Loss Allowance$104,000
Unbacked Noncurrent Loans$125,000
Real Estate Owned$77,000
Historic Data - March 2013
Assets$24.30 million
Equity Capital$2.92 million
Loan Loss Allowance$51,000
Unbacked Noncurrent Loans$125,000
Real Estate Owned$114,000
Profit Margin - Quarterly
Net Interest Margin1.52%
Return on Assets0.9%
Return on Equity7.03%
Interest Income$248,000
Rates
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Belen Railway Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IRA Savings
0.75%$100k-Savings Accounts
Locations


Belen Railway Employees Credit Union Locations
Branch Office222 N 4th StBelen, NM 87002