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Overview / Commentary
909 W Pierce St
Carlsbad, NM 88220

Eddy Credit Union is headquartered in CARLSBAD and is the 17st largest credit union in the state of New Mexico. It is also the 2,055th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 16 employees and 6,618 members. Eddy Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in Eddy County, New Mexico. Employees of the U. S. Post Office or Bureau of Land Management who work in Hobbs or Lovington, New Mexico. - See Details

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Health

Data for Q4 2013

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. Eddy Credit Union has a relatively low asset base.

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 Eddy Credit Union had $820,000 in non-current loans and owned real-estate with $7.8 million in equity and loan loss allowances on hand to cover it. This gives Eddy Credit Union a Texas Ratio of 10.51% 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 Eddy Credit Union increased slightly from 4.61% as of December 31, 2012 to 10.51% as of December 31, 2013, resulting in a negative change of 128.08%. This indicates that the balance sheet and financial strength for Eddy Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Eddy Credit Union has increased its total deposits by $2.13 million, resulting in 4.18% 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 Eddy 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. Eddy Credit Union has $60.45 million in assets with $7.8 million in equity, resulting in a capitalization level of 12.91%, which is excellent.

Institution Statistics

Overall
NCUA #9566
Year Chartered1954
Employees16
Primary Regulator
Assets and Liabilities
Assets$60.45 million
Loans$38.81 million
Deposits$53.10 million
Equity Capital$6.98 million
Loan Loss Allowance$825,000
Unbacked Noncurrent Loans$820,000
Real Estate Owned$0
Historic Data - December 2012
Assets$58.67 million
Equity Capital$6.71 million
Loan Loss Allowance$393,000
Unbacked Noncurrent Loans$820,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.64%
Return on Assets0.45%
Return on Equity3.94%
Interest Income$3.83 million
Rates

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Locations


Eddy Credit Union Locations
Branch Office1711 S Canal StCarlsbad, NM 88220
Branch Office909 W Pierce StCarlsbad, NM 88220-5268