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Overview / Commentary
480-882-4210
3604 N Wells Fargo Ave Suite A
Scottsdale, AZ 85251

Desert Medical Credit Union is headquartered in Scottsdale and is the 35th largest credit union in the state of Arizona. It is also the 4,423rd largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 4 employees and 2,196 members. Desert Medical Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee, physician or staff of Scottsdale Healthcare or Mayo Hospital or Clinic. - See Details

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Health

Data for Q1 2014

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 Medical 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 Desert Medical Credit Union had $0 in non-current loans and owned real-estate with $889,000 in equity and loan loss allowances on hand to cover it. This gives Desert Medical Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
C+

In the past year, Desert Medical Credit Union has decreased its total deposits by $-89,000, resulting in -0.92% 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 Medical Credit Union has shown is average.

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 Medical Credit Union has $10.52 million in assets with $889,000 in equity, resulting in a capitalization level of 8.45%, which is average.

Institution Statistics

Overall
NCUA #20214
Year Chartered1970
Employees4
Primary Regulator
Assets and Liabilities
Assets$10.52 million
Loans$5.54 million
Deposits$9.56 million
Equity Capital$819,000
Loan Loss Allowance$70,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.54 million
Equity Capital$785,000
Loan Loss Allowance$94,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.62%
Return on Assets-0.95%
Return on Equity-12.21%
Interest Income$95,000
Rates
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Desert Medical Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k$20kShare Account
Locations


Desert Medical Credit Union Locations
Branch Office9003 E Shea BlvdScottsdale, AZ 85260
Branch Office3604 N Wells Fargo Ave Suite AScottsdale, AZ 85251