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Jemez Valley Credit Union

Jemez Valley Credit Union
Overview / Commentary
866-300-6583
17117 HIGHWAY 4
JEMEZ SPRINGS, NM 87025-0120

Jemez Valley Credit Union is headquartered in JEMEZ SPRINGS and is the 29th largest credit union in the state of New Mexico. It is also the 3,542nd largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 8 employees and 1,677 members. Jemez Valley Credit Union has a B+ health rating.

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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. Jemez Valley 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 Jemez Valley Credit Union had $80,000 in non-current loans and owned real-estate with $2.69 million in equity and loan loss allowances on hand to cover it. This gives Jemez Valley Credit Union a Texas Ratio of 2.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Jemez Valley Credit Union decreased dramatically from 6.31% as of March 31, 2013 to 2.98% as of March 31, 2014, resulting in a positive change of 52.84%.This indicates that the balance sheet and financial strength for Jemez Valley Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Jemez Valley Credit Union has increased its total deposits by $2.07 million, resulting in 13.57% 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 Jemez Valley 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. Jemez Valley Credit Union has $20.05 million in assets with $2.69 million in equity, resulting in a capitalization level of 13.41%, which is excellent.

Institution Statistics

Overall
NCUA #62637
Year Chartered1966
Employees8
Primary Regulator
Assets and Liabilities
Assets$20.05 million
Loans$11.45 million
Deposits$17.34 million
Equity Capital$2.61 million
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$80,000
Real Estate Owned$0
Historic Data - March 2013
Assets$17.62 million
Equity Capital$2.36 million
Loan Loss Allowance$97,000
Unbacked Noncurrent Loans$80,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.58%
Return on Assets1.26%
Return on Equity9.67%
Interest Income$204,000
Rates

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Locations


Jemez Valley Credit Union Locations
Branch Office17117 HIGHWAY 4JEMEZ SPRINGS, NM 870250120