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Chaves County School Employees Credit Union

Chaves County School Employees Credit Union
Overview / Commentary
1401 N Lea Ave
Roswell, NM 88201

Chaves County School Employees Credit Union is headquartered in Roswell and is the 28th largest credit union in the state of New Mexico. It is also the 3,355th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 4 employees and 2,584 members. Chaves County School Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Any employee of public or private schools in Chaves County, employees of this Credit Union, retired school employees residing in Chaves County, and family of such members are eligible to become members. - 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. Chaves County School 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 Chaves County School Employees Credit Union had $0 in non-current loans and owned real-estate with $4.08 million in equity and loan loss allowances on hand to cover it. This gives Chaves County School Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
B+

In the past year, Chaves County School Employees Credit Union has increased its total deposits by $418,000, resulting in 2.3% 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 Chaves County School Employees 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. Chaves County School Employees Credit Union has $22.91 million in assets with $4.08 million in equity, resulting in a capitalization level of 17.81%, which is excellent.

Institution Statistics

Overall
NCUA #66143
Year Chartered1952
Employees4
Primary Regulator
Assets and Liabilities
Assets$22.91 million
Loans$7.64 million
Deposits$18.62 million
Equity Capital$4.04 million
Loan Loss Allowance$45,000
Real Estate Owned$0
Historic Data - March 2013
Assets$22.36 million
Equity Capital$3.94 million
Loan Loss Allowance$38,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.05%
Return on Assets0.37%
Return on Equity2.08%
Interest Income$121,000
Rates

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Locations


Chaves County School Employees Credit Union Locations
Branch Office1401 N Lea AveRoswell, NM 88201