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Overview / Commentary
601 Tijeras Ave NW
Albuquerque, NM 87102-3198

First Financial CU (NM) is headquartered in Albuquerque and is the 7th largest credit union in the state of New Mexico. It is also the 512st largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 201 employees and 57,913 members. First Financial CU (NM)'s savings rates are 92% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must live in New Mexico - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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 First Financial CU (NM) had $11.25 million in non-current loans and owned real-estate with $41.12 million in equity and loan loss allowances on hand to cover it. This gives First Financial CU (NM) a Texas Ratio of 27.36% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Financial CU (NM) experienced no significant changes from 27.65% as of March 31, 2013 to 27.36% as of March 31, 2014, resulting in a positive change of 1.02%.This indicates that the balance sheet and financial strength for First Financial CU (NM) has had no significant changes in recent periods.

Deposit Growth


In the past year, First Financial CU (NM) has increased its total deposits by $14.81 million, resulting in 3.93% 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 First Financial CU (NM) has shown is excellent.



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. First Financial CU (NM) has $431.85 million in assets with $41.12 million in equity, resulting in a capitalization level of 9.52%, which is above average.

Institution Statistics

NCUA #68244
Year Chartered1937
Primary Regulator
Assets and Liabilities
Assets$431.85 million
Loans$293.59 million
Deposits$391.94 million
Equity Capital$36.88 million
Loan Loss Allowance$4.24 million
Unbacked Noncurrent Loans$6.89 million
Real Estate Owned$4.36 million
Historic Data - March 2013
Assets$417.90 million
Equity Capital$37.78 million
Loan Loss Allowance$3.70 million
Unbacked Noncurrent Loans$6.89 million
Real Estate Owned$2.65 million
Profit Margin - Quarterly
Return on Assets0.12%
Return on Equity1.4%
Interest Income$4.12 million

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First Financial CU (NM) Savings Account Rates

1.00%--Health Savings Account Checking
0.40%--Christmas Club Account
0.40%--Vacation Club Account
0.35%--IRA Savings Account
0.25%--Primary Savings Account
0.25%--Secondary Savings Account
0.25%--Special Savings Account
0.25%--Kirby Kids Savings Account

First Financial CU (NM) Money Market Rates

0.35%$100k-Money Market Account

First Financial CU (NM) Checking Account Rates

0.20%--Premier Checking Account
0.20%--Value Checking Account

First Financial CU (NM) CD Rates

1.51%$1k-60 Month Certificate
1.51%$250-60 Month 1st CD
1.51%$500-60 Month Kirby Kid CD
1.21%$1k-48 Month Certificate
1.21%$250-48 Month 1st CD
1.21%$500-48 Month Kirby Kid CD
1.11%$1k-36 Month Certificate
1.11%$250-36 Month 1st CD
1.11%$500-36 Month Kirby Kid CD
1.00%$1k-30 Month Certificate
1.00%$250-30 Month 1st CD
1.00%$500-30 Month Kirby Kid CD
0.95%$250-24 Month 1st CD
0.95%$500-24 Month Kirby Kid CD
0.80%$1k-24 Month Certificate
0.75%$250-18 Month 1st CD
0.75%$500-18 Month Kirby Kid CD
0.65%$1k-18 Month Certificate
0.55%$250-12 Month 1st CD
0.50%$1k-12 Month Certificate
0.50%$500-12 Month Kirby Kid CD
0.40%$1k-6 Month Certificate
0.40%$250-6 Month 1st CD
0.40%$500-6 Month Kirby Kid CD
0.30%$1k-3 Month Certificate
0.30%$250-3 Month 1st CD
0.30%$500-3 Month Kirby Kid CD

First Financial CU (NM) IRA Rates

1.61%$500-60 Month IRA Certificate
1.31%$25k-48 Month IRA Certificate
1.21%$25k-36 Month IRA Certificate
1.11%$25k-30 Month IRA Certificate
0.90%$25k-24 Month IRA Certificate
0.75%$25k-18 Month IRA Certificate
0.60%$25k-12 Month IRA Certificate
0.50%$25k-6 Month IRA Certificate
0.40%$25k-3 Month IRA Certificate

First Financial CU (NM) has 13 locations. Click to view all First Financial CU (NM) locations.