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.
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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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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$4.04 million|
|Loan Loss Allowance||$45,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$3.94 million|
|Loan Loss Allowance||$38,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.05%|
|Return on Assets||0.37%|
|Return on Equity||2.08%|
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|Chaves County School Employees Credit Union Locations|
|Branch Office||1401 N Lea Ave||Roswell, NM 88201|