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Overview / Commentary
505-598-6623
16 Road 6500
Kirtland, NM 87417

Four Corners Credit Union is headquartered in Kirtland and is the 26th largest credit union in the state of New Mexico. It is also the 3,293rd largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 12 employees and 4,931 members. Four Corners Credit Union's CD rates are 73% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of BHP-Billiton or other select companies. - 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. Four Corners 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 Four Corners Credit Union had $217,000 in non-current loans and owned real-estate with $4.47 million in equity and loan loss allowances on hand to cover it. This gives Four Corners Credit Union a Texas Ratio of 4.86% 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 Four Corners Credit Union experienced no significant changes from 4.63% as of March 31, 2013 to 4.86% as of March 31, 2014, resulting in a negative change of 5.00%. This indicates that the balance sheet and financial strength for Four Corners Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Four Corners Credit Union has increased its total deposits by $1.47 million, resulting in 7.99% 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 Four Corners 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. Four Corners Credit Union has $24.06 million in assets with $4.47 million in equity, resulting in a capitalization level of 18.57%, which is excellent.

Institution Statistics

Overall
NCUA #16754
Year Chartered1965
Employees12
Primary Regulator
Assets and Liabilities
Assets$24.06 million
Loans$14.91 million
Deposits$19.83 million
Equity Capital$4.06 million
Loan Loss Allowance$409,000
Unbacked Noncurrent Loans$217,000
Real Estate Owned$0
Historic Data - March 2013
Assets$22.47 million
Equity Capital$4.02 million
Loan Loss Allowance$194,000
Unbacked Noncurrent Loans$217,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.62%
Return on Assets0.8%
Return on Equity4.73%
Interest Income$315,000
Rates
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Four Corners Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.78%$25k-3 Year Jumbo Share Certificate
2.78%$25k-4 Year Jumbo Share Certificate
2.78%$25k-5 Year Jumbo Share Certificate
1.96%$25k-2 Year Jumbo Share Certificate
1.71%$1k-2 Year Share Certificate
1.56%$25k-1 Year Jumbo Share Certificate
1.56%$100k-1 Year Jumbo Share Certificate Special
1.31%$1k-1 Year Share Certificate
1.26%$25k-6 Month Jumbo Share Certificate
1.00%$1k-6 Month Share Certificate

Four Corners Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.78%--5 Year IRA Certificate
1.96%--2 Year IRA Certificate
1.96%--2 Year Roth IRA Certificate
1.56%--1 Year IRA Certificate
1.26%--6 Month IRA Certificate
Locations


Four Corners Credit Union Locations
Branch Office16 Road 6500Kirtland, NM 87417