Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
877-717-3232
P.O. Box 918
Needles, CA 92363

Desert Communities Credit Union is headquartered in Needles and is the 271st largest credit union in the state of California. It is also the 3,418st largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 4 employees and 1,896 members. Desert Communities Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be Atchison, Topeka, and Santa Fe Railway employees in Needles, California and Parker, Arizona and their family members. - See Details

No reviews have been left for this bank yet. Be the first to review.



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. Desert Communities 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 Desert Communities Credit Union had $270,000 in non-current loans and owned real-estate with $1.94 million in equity and loan loss allowances on hand to cover it. This gives Desert Communities Credit Union a Texas Ratio of 13.92% 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 Desert Communities Credit Union experienced no significant changes from 12.12% as of December 31, 2012 to 13.92% as of December 31, 2013, resulting in a negative change of 14.86%. This indicates that the balance sheet and financial strength for Desert Communities Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Desert Communities Credit Union has increased its total deposits by $2.16 million, resulting in 12.44% 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 Desert Communities 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. Desert Communities Credit Union has $21.43 million in assets with $1.94 million in equity, resulting in a capitalization level of 9.05%, which is average.

Institution Statistics

Overall
NCUA #9821
Year Chartered1954
Employees4
Primary Regulator
Assets and Liabilities
Assets$21.43 million
Loans$5.20 million
Deposits$19.51 million
Equity Capital$1.81 million
Loan Loss Allowance$128,000
Unbacked Noncurrent Loans$270,000
Real Estate Owned$0
Historic Data - December 2012
Assets$19.29 million
Equity Capital$1.85 million
Loan Loss Allowance$134,000
Unbacked Noncurrent Loans$270,000
Real Estate Owned$29,000
Profit Margin - Quarterly
Net Interest Margin8.43%
Return on Assets-0.19%
Return on Equity-2.26%
Interest Income$587,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Desert Communities Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Desert Communities Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$2k-IRA Shares Account
0.15%$2k-Roth IRA Share Account
0.15%$2k-Roth IRA Conversion Share Account
0.10%$50-Education IRA Share Account
0.05%$50-Share Account
0.05%--Christmas Club Account

Desert Communities Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$2,500-Insured Money Market Account (IMMA)

Desert Communities Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$5k-5 Year CD
1.01%$5k-4 Year CD
0.75%$5k-3 Year CD
0.50%$5k-2 Year CD
0.25%$5k-1 Year CD
0.20%$5k-6 Month CD

Desert Communities Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$5k-5 Year IRA CD
1.01%$5k-4 Year IRA CD
0.75%$5k-3 Year IRA CD
0.50%$5k-2 Year IRA CD
0.25%$5k-1 Year IRA CD
0.20%$5k-6 Month Roth IRA CD
0.20%$5k-6 Month Roth IRA Conversion CD
0.20%$5k-6 Month IRA CD
Locations


Desert Communities Credit Union Locations
Branch Office1001 W Broadway StNeedles, CA 92363-2703