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Overview / Commentary
P.O. Box 1180
Los Alamos, NM 87544

Del Norte Credit Union is headquartered in LOS ALAMOS and is the 6th largest credit union in the state of New Mexico. It is also the 471st largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 104 employees and 39,130 members. Del Norte Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live or work in the township of Bernalillo, the Village of Corrales, the City of Rio Rancho or one of the following counties in Northern New Mexico: Los Alamos, Santa Fe, Rio Arriba, Sandoval, Taos, Colfax, Union, Harding, Mora, San Miguel, Torrance, Guadalupe, Quay or Chaves. Also open to members of Keep New Mexico Beautiful (KNMB) - See Details

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Del Norte Credit Union had $1.06 million in non-current loans and owned real-estate with $55.32 million in equity and loan loss allowances on hand to cover it. This gives Del Norte Credit Union a Texas Ratio of 1.92% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Del Norte Credit Union decreased dramatically from 5.53% as of December 31, 2012 to 1.92% as of December 31, 2013, resulting in a positive change of 65.22%.This indicates that the balance sheet and financial strength for Del Norte Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Del Norte Credit Union has increased its total deposits by $27.33 million, resulting in 7.21% 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 Del Norte 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. Del Norte Credit Union has $463.87 million in assets with $55.32 million in equity, resulting in a capitalization level of 11.93%, which is excellent.

Institution Statistics

Overall
NCUA #64759
Year Chartered1954
Employees104
Primary Regulator
Assets and Liabilities
Assets$463.87 million
Loans$293.60 million
Deposits$406.22 million
Equity Capital$52.58 million
Loan Loss Allowance$2.75 million
Unbacked Noncurrent Loans$734,000
Real Estate Owned$330,000
Historic Data - December 2012
Assets$435.23 million
Equity Capital$49.43 million
Loan Loss Allowance$3.50 million
Unbacked Noncurrent Loans$734,000
Real Estate Owned$1.44 million
Profit Margin - Quarterly
Net Interest Margin4.21%
Return on Assets0.67%
Return on Equity5.93%
Interest Income$14.27 million
Rates

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Del Norte Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA Savings Account
0.20%--Share Certificate Builder Account
0.15%$2k-Share Savings Account

Del Norte Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Share Draft Checking Account
0.25%$100k-Money Market Share Account

Del Norte Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Preferred Share Draft Checking Account
0.05%$1k-Preferred Plus Share Draft Checking Account
0.05%$1k-Preferred Plus Senior Share Draft Checking Account

Del Norte Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$100k-48 Month Share Certificate
0.60%$100k-36 Month Share Certificate
0.50%$100k-30 Month Share Certificate
0.40%$100k-24 Month Share Certificate
0.35%$100k-18 Month Share Certificate
0.30%$100k-12 Month Share Certificate
0.25%$100k-9 Month Share Certificate
0.20%$100k-3 Month Share Certificate
0.20%$100k-6 Month Share Certificate

Del Norte Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$100k-48 Month IRA Certificate
0.60%$100k-36 Month IRA Certificate
0.50%$100k-30 Month IRA Certificate
0.40%$100k-24 Month IRA Certificate
0.35%$100k-18 Month IRA Certificate
0.30%$100k-12 Month IRA Certificate
0.25%$100k-9 Month IRA Certificate
0.20%$100k-3 Month IRA Certificate
0.20%$100k-6 Month IRA Certificate
Locations


Del Norte Credit Union Locations
Branch Office403 W Cordova RdSanta Fe, NM 87505-1811
Branch Office1216 N Paseo de OnateEspanola, NM 87532
Branch Office3286 Cerrillos RdSanta Fe, NM 87507
Branch Office35 Rover Blvd Ste TWhite Rock, NM 87544
Branch Office3286 Cerrillos RdSanta Fe, NM 87507
Branch Office510 N Guadalupe St Ste ASanta Fe, NM 87501-6510
Branch Office1000 Trinity DrLos Alamos, NM 87544