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Overview / Commentary
575-388-2511
2290 E Superior St
Silver City, NM 88061

Chino Credit Union is headquartered in SILVER CITY and is the 23rd largest credit union in the state of New Mexico. It is also the 3,039th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 18 employees and 6,238 members. Chino Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work or attend school in Grant or Luna County. - See Details

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Chino Credit Union has a low asset base.

Texas Ratio

GRADE:
B

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 Chino Credit Union had $329,000 in non-current loans and owned real-estate with $2.12 million in equity and loan loss allowances on hand to cover it. This gives Chino Credit Union a Texas Ratio of 15.53% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Chino Credit Union experienced no significant changes from 14.47% as of December 31, 2012 to 15.53% as of December 31, 2013, resulting in a negative change of 7.27%. This indicates that the balance sheet and financial strength for Chino Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Chino Credit Union has increased its total deposits by $1.77 million, resulting in 7.39% 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 Chino Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Chino Credit Union has $27.79 million in assets with $2.12 million in equity, resulting in a capitalization level of 7.63%, which is below average.

Institution Statistics

Overall
NCUA #9771
Year Chartered1954
Employees18
Primary Regulator
Assets and Liabilities
Assets$27.79 million
Loans$23.63 million
Deposits$25.78 million
Equity Capital$1.79 million
Loan Loss Allowance$326,000
Unbacked Noncurrent Loans$314,000
Real Estate Owned$15,000
Historic Data - December 2012
Assets$25.84 million
Equity Capital$1.67 million
Loan Loss Allowance$305,000
Unbacked Noncurrent Loans$314,000
Real Estate Owned$15,000
Profit Margin - Quarterly
Net Interest Margin6.63%
Return on Assets0.44%
Return on Equity6.8%
Interest Income$1.62 million
Rates
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Chino Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.08%--IRA Share Account
0.08%--Roth IRA Share Account
0.08%--Education IRA Share Account
0.07%$10k-Main Share Account
0.05%--Holiday Club Account

Chino Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$10k-Share Draft Account

Chino Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$100-60 Month Share Certificate
0.75%$100-48 Month Share Certificate
0.50%$100-36 Month Share Certificate
0.45%$100-30 Month Share Certificate
0.40%$100-24 Month Share Certificate
0.35%$100-18 Month Share Certificate
0.30%$100-12 Month Share Certificate
0.25%$100-6 Month Share Certificate
0.15%$100-3 Month Share Certificate

Chino Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$100-60 Month IRA Share Certificate (Traditional,Roth,CESA)
0.75%$100-48 Month IRA Share Certificate (Traditional,Roth,CESA)
0.50%$100-36 Month IRA Share Certificate (Traditional,Roth,CESA)
0.45%$100-30 Month IRA Share Certificate (Traditional,Roth,CESA)
0.40%$100-24 Month IRA Share Certificate (Traditional,Roth,CESA)
0.35%$100-18 Month IRA Share Certificate (Traditional,Roth,CESA)
0.30%$100-12 Month IRA Share Certificate (Traditional,Roth,CESA)
0.25%$100-6 Month IRA Share Certificate (Traditional,Roth,CESA)
0.15%$100-3 Month IRA Share Certificate (Traditional,Roth,CESA)
Locations


Chino Credit Union Locations
Branch Office607 WINIFRED STBAYARD, NM 88023-9782
Branch Office801 E CEDAR STDEMING, NM 88030-3811
Branch Office2290 E SUPERIOR STSILVER CITY, NM 88061-7729