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 2,486th largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 21 employees and 7,585 members. High Plains Credit Union has a C+ health rating.
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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 High Plains Credit Union had $70,000 in non-current loans and owned real-estate with $3.96 million in equity and loan loss allowances on hand to cover it. This gives High Plains Credit Union a Texas Ratio of 1.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, High Plains Credit Union has decreased its total deposits by $-689,000, resulting in -1.73% 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 average.
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 $43.14 million in assets with $3.96 million in equity, resulting in a capitalization level of 9.18%, which is average.
|Assets and Liabilities|
|Equity Capital||$3.84 million|
|Loan Loss Allowance||$119,000|
|Unbacked Noncurrent Loans||$70,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$3.73 million|
|Loan Loss Allowance||$68,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||0.88%|
|Return on Assets||-0.62%|
|Return on Equity||-6.98%|
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|0.05%||$25||-||Regular Savings Account|
|0.05%||$25||-||Kirby Savings Account|
|0.05%||$25||-||Young Adult Account|
|0.15%||-||-||IRA Money Market|
|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|
|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|
|High Plains Credit Union Locations|
|Branch Office||101 W Llano Estacado Blvd||Clovis, NM 88101-3712|