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Overview / Commentary
6347 main st
CUBA, NM 87013-1660

Cuba is headquartered in CUBA and is the 33rd largest credit union in the state of New Mexico. It is also the 4,265th largest credit union in the nation. It was established in 1972 and as of March of 2014, it had grown to 5 employees and 2,022 members. Cuba has a B health rating.

Field of Membership Restrictions

live or work within the school boundaries of Cuba Independent Schools or Jemez Mountain Schools, districts. - 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. Cuba has a low asset base.

Texas Ratio

GRADE:
B+

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 Cuba had $255,000 in non-current loans and owned real-estate with $1.98 million in equity and loan loss allowances on hand to cover it. This gives Cuba a Texas Ratio of 12.88% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Cuba decreased slightly from 16.15% as of March 31, 2013 to 12.88% as of March 31, 2014, resulting in a positive change of 20.24%.This indicates that the balance sheet and financial strength for Cuba has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Cuba has increased its total deposits by $383,000, resulting in 3.96% 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 Cuba 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. Cuba has $11.96 million in assets with $1.98 million in equity, resulting in a capitalization level of 16.56%, which is excellent.

Institution Statistics

Overall
NCUA #66097
Year Chartered1972
Employees5
Primary Regulator
Assets and Liabilities
Assets$11.96 million
Loans$8.34 million
Deposits$10.05 million
Equity Capital$1.90 million
Loan Loss Allowance$84,000
Unbacked Noncurrent Loans$232,000
Real Estate Owned$23,000
Historic Data - March 2013
Assets$11.46 million
Equity Capital$1.79 million
Loan Loss Allowance$73,000
Unbacked Noncurrent Loans$232,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.07%
Return on Equity6.75%
Interest Income$140,000
Rates

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Locations


Cuba Locations
Branch Office6347 main stCUBA, NM 870131660