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Overview / Commentary
800-594-8428
P.O. Box 2050
Clovis, NM 88101

High Plains Credit Union is headquartered in Clovis and is the 20th largest credit union in the state of New Mexico. It is also the 2,497th largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 21 employees and 7,535 members. High Plains Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Curry County. - 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. High Plains Credit Union has a 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 High Plains Credit Union had $26,000 in non-current loans and owned real-estate with $3.98 million in equity and loan loss allowances on hand to cover it. This gives High Plains Credit Union a Texas Ratio of 0.65% 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 High Plains Credit Union experienced no significant changes from 0.70% as of December 31, 2012 to 0.65% as of December 31, 2013, resulting in a positive change of 6.01%.This indicates that the balance sheet and financial strength for High Plains Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, High Plains Credit Union has decreased its total deposits by -$1.08 million, resulting in -2.78% 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 High Plains Credit Union has shown is below average.

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. High Plains Credit Union has $41.85 million in assets with $3.98 million in equity, resulting in a capitalization level of 9.51%, which is above average.

Institution Statistics

Overall
NCUA #16559
Year Chartered1964
Employees21
Primary Regulator
Assets and Liabilities
Assets$41.85 million
Loans$32.06 million
Deposits$37.68 million
Equity Capital$3.91 million
Loan Loss Allowance$70,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Historic Data - December 2012
Assets$44.47 million
Equity Capital$3.68 million
Loan Loss Allowance$66,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.9%
Return on Assets0.55%
Return on Equity5.91%
Interest Income$1.40 million
Rates
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High Plains Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Regular Savings Account
0.05%--Holiday Account
0.05%$25-Kirby Savings Account
0.05%$25-Young Adult Account

High Plains Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Money Market
0.11%$25k-Money Market

High Plains Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$1k-5 Year Dividend Compounded Quarterly Share Certificate
1.31%$1k-4 Year Dividend Compounded Quarterly Share Certificate
1.16%$1k-3 Year Dividend Compounded Quarterly Share Certificate
1.01%$1k-2 Year Dividend Compounded Quarterly Share Certificate
1.01%$1k-3 Year Dividend Compounded Monthly Share Certificate
0.50%$1k-2 Year Dividend Compounded Monthly Share Certificate
0.45%$1k-18 Month Dividend Compounded Quarterly Share Certificate
0.35%$1k-18 Month Dividend Compounded Monthly Share Certificate
0.30%$1k-1 Year Dividend Compounded Quarterly Share Certificate
0.20%$1k-6 Month Dividend Compounded at Maturity Share Certificate
0.15%$1k-1 Year Dividend Compounded Monthly Share Certificate

High Plains Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.46%$100-5 Year IRA
1.36%$100-4 Year IRA
1.21%$100-3 Year IRA
1.06%$100-2 Year IRA
0.35%$100-1 Year IRA
Locations


High Plains Credit Union Locations
Branch Office101 W Llano Estacado BlvdClovis, NM 88101-3712