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Overview / Commentary
575-393-1596
2220 N DAL PASO St
HOBBS, NM 88240-3048

Estacado Federal Credit Union is headquartered in HOBBS and is the 19st largest credit union in the state of New Mexico. It is also the 2,439th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 13 employees and 5,495 members. Estacado Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or go to school in Lea County; or by having a family member who already belongs to Estacado Federal Credit Union (EFCU) - 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. Estacado Federal 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 Estacado Federal Credit Union had $245,000 in non-current loans and owned real-estate with $4.31 million in equity and loan loss allowances on hand to cover it. This gives Estacado Federal Credit Union a Texas Ratio of 5.69% 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 Estacado Federal Credit Union experienced no significant changes from 5.22% as of March 31, 2013 to 5.69% as of March 31, 2014, resulting in a negative change of 8.99%. This indicates that the balance sheet and financial strength for Estacado Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Estacado Federal Credit Union has increased its total deposits by $2.7 million, resulting in 7.19% 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 Estacado Federal Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Estacado Federal Credit Union has $44.97 million in assets with $4.31 million in equity, resulting in a capitalization level of 9.58%, which is above average.

Institution Statistics

Overall
NCUA #8299
Year Chartered1953
Employees13
Primary Regulator
Assets and Liabilities
Assets$44.97 million
Loans$14.55 million
Deposits$40.29 million
Equity Capital$4.10 million
Loan Loss Allowance$210,000
Unbacked Noncurrent Loans$245,000
Real Estate Owned$0
Historic Data - March 2013
Assets$41.79 million
Equity Capital$4.13 million
Loan Loss Allowance$179,000
Unbacked Noncurrent Loans$245,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.88%
Return on Assets-0.45%
Return on Equity-4.98%
Interest Income$344,000
Rates
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Estacado Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$10k-Regular Share Savings Account

Estacado Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$100k-60 Month Share Certificate
1.15%$100k-48 Month Share Certificate
0.95%$100k-36 Month Share Certificate
0.75%$100k-24 Month Share Certificate
0.65%$100k-18 Month Share Certificate
0.55%$100k-12 Month Share Certificate
0.30%$100k-6 Month Share Certificate

Estacado Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$100k-60 Month IRA Certificate
1.15%$100k-48 Month IRA Certificate
0.95%$100k-36 Month IRA Certificate
0.75%$100k-24 Month IRA Certificate
0.65%$100k-18 Month IRA Certificate
0.55%$100k-12 Month IRA Certificate
0.30%$100k-6 Month IRA Certificate
Locations


Estacado Federal Credit Union Locations
Branch Office2220 N DAL PASO StHOBBS, NM 88240-3048