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Overview / Commentary
800-428-2822
170 N Haskell Ave
Willcox, AZ 85643

Cochise Credit Union is headquartered in Willcox and is the 28th largest credit union in the state of Arizona. It is also the 2,990th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 10 employees and 4,168 members. Cochise Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in the zip codes 85643, 85644, 85625, 85605 or 85632. Also open to employees of Sulphur Springs Valley Electric Cooperative, Valley Telecom Group, Arizona Electric Power Cooperative, Sierra Southwest Cooperative and Southwest Transmission Cooperative Services. - 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. Cochise 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 Cochise Credit Union had $208,000 in non-current loans and owned real-estate with $4.02 million in equity and loan loss allowances on hand to cover it. This gives Cochise Credit Union a Texas Ratio of 5.17% 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 Cochise Credit Union decreased slightly from 5.97% as of March 31, 2013 to 5.17% as of March 31, 2014, resulting in a positive change of 13.38%.This indicates that the balance sheet and financial strength for Cochise Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Cochise Credit Union has increased its total deposits by $1.88 million, resulting in 7.95% 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 Cochise Credit Union has shown is excellent.

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. Cochise Credit Union has $29.45 million in assets with $4.02 million in equity, resulting in a capitalization level of 13.66%, which is excellent.

Institution Statistics

Overall
NCUA #60151
Year Chartered1958
Employees10
Primary Regulator
Assets and Liabilities
Assets$29.45 million
Loans$16.98 million
Deposits$25.51 million
Equity Capital$3.90 million
Loan Loss Allowance$120,000
Unbacked Noncurrent Loans$92,000
Real Estate Owned$116,000
Historic Data - March 2013
Assets$27.37 million
Equity Capital$3.66 million
Loan Loss Allowance$94,000
Unbacked Noncurrent Loans$92,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.48%
Return on Equity3.59%
Interest Income$258,000
Rates
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Cochise Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Shares
0.20%--Christmas Club Account
0.10%$25-Share Account

Cochise Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-Share Draft Account

Cochise Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$1k-3 Year Certificate
0.70%$1k-2 Year Certificate
0.50%$1k-18 Month Certificate
0.40%$1k-1 Year Certificate
0.30%$1k-6 Month Certificate

Cochise Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$1k-3 Year IRA Certificate
0.70%$1k-2 Year IRA Certificate
0.50%$1k-18 Month IRA Certificate
0.40%$1k-1 Year IRA Certificate
0.30%$1k-6 Month IRA Certificate
Locations


Cochise Credit Union Locations
Branch Office170 N Haskell AveWillcox, AZ 85643