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Overview / Commentary
760-446-3500
100 E Ward Ave
Ridgecrest, CA 93555-2668

Desert Valleys Credit Union is headquartered in Ridgecrest and is the 259th largest credit union in the state of California. It is also the 3,222nd largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 12 employees and 4,245 members. Desert Valleys Credit Union's savings rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

Must be a resident of the Indian Wells Valleys or Searles Valley. - 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. Desert Valleys 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 Valleys Credit Union had $67,000 in non-current loans and owned real-estate with $1.69 million in equity and loan loss allowances on hand to cover it. This gives Desert Valleys Credit Union a Texas Ratio of 3.96% which is excellent. 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 Valleys Credit Union experienced no significant changes from 3.43% as of March 31, 2013 to 3.96% as of March 31, 2014, resulting in a negative change of 15.61%. This indicates that the balance sheet and financial strength for Desert Valleys Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Desert Valleys Credit Union has increased its total deposits by $1.6 million, resulting in 7.33% 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 Valleys 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 Valleys Credit Union has $25.06 million in assets with $1.69 million in equity, resulting in a capitalization level of 6.75%, which is below average.

Institution Statistics

Overall
NCUA #5366
Year Chartered1946
Employees12
Primary Regulator
Assets and Liabilities
Assets$25.06 million
Loans$13.08 million
Deposits$23.39 million
Equity Capital$1.54 million
Loan Loss Allowance$150,000
Unbacked Noncurrent Loans$67,000
Real Estate Owned$0
Historic Data - March 2013
Assets$23.46 million
Equity Capital$1.43 million
Loan Loss Allowance$202,000
Unbacked Noncurrent Loans$67,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.81%
Return on Assets0.18%
Return on Equity2.86%
Interest Income$263,000
Rates
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Desert Valleys Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.65%-$1,37852 Week Club
0.30%--Desert Kids
0.10%--IRA Share Account
0.05%--Regular Share Account

Desert Valleys Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Super Saver Money Market Account

Desert Valleys Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.31%$100k-60 Month Jumbo Share Certificate
1.00%$100k-48 Month Jumbo Share Certificate
0.80%$50k-36 Month Share Certificate
0.80%$100k-36 Month Jumbo Share Certificate
0.50%$50k-24 Month Share Certificate
0.50%$100k-24 Month Jumbo Share Certificate
0.40%$50k-12 Month Share Certificate
0.40%$100k-12 Month Jumbo Share Certificate
0.25%$50k-6 Month Share Certificate
0.25%$100k-6 Month Jumbo Share Certificate

Desert Valleys Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.31%$100k-60 Month Jumbo IRA Share Certificate
1.00%$100k-48 Month Jumbo IRA Share Certificate
0.80%$50k-36 Month IRA Share Certificate
0.80%$100k-36 Month Jumbo IRA Share Certificate
0.50%$50k-24 Month IRA Share Certificate
0.50%$100k-24 Month Jumbo IRA Share Certificate
0.40%$50k-12 Month IRA Share Certificate
0.40%$100k-12 Month Jumbo IRA Share Certificate
0.25%$50k-6 Month IRA Share Certificate
0.25%$100k-6 Month Jumbo IRA Share Certificate
Locations


Desert Valleys Credit Union Locations
Branch Office100 E Ward AveRidgecrest, CA 93555-2668