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Overview / Commentary
2220 N Dal Paso
Hobbs, NM 88240

Lea Community Credit Union is headquartered in HOBBS and is the 19st largest credit union in the state of New Mexico. It is also the 2,489th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 13 employees and 5,485 members. Lea Community Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or go to school in Lea County. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Lea Community Credit Union has a low asset base.

Texas Ratio


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 Lea Community Credit Union had $376,000 in non-current loans and owned real-estate with $4.32 million in equity and loan loss allowances on hand to cover it. This gives Lea Community Credit Union a Texas Ratio of 8.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Lea Community Credit Union experienced no significant changes from 6.16% as of December 31, 2012 to 8.70% as of December 31, 2013, resulting in a negative change of 41.11%. This indicates that the balance sheet and financial strength for Lea Community Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Lea Community Credit Union has increased its total deposits by $3.36 million, resulting in 9.81% 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 Lea Community Credit Union 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. Lea Community Credit Union has $42.07 million in assets with $4.32 million in equity, resulting in a capitalization level of 10.28%, which is above average.

Institution Statistics

NCUA #8299
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$42.07 million
Loans$14.15 million
Deposits$37.64 million
Equity Capital$4.14 million
Loan Loss Allowance$186,000
Unbacked Noncurrent Loans$376,000
Real Estate Owned$0
Historic Data - December 2012
Assets$38.74 million
Equity Capital$4.08 million
Loan Loss Allowance$208,000
Unbacked Noncurrent Loans$376,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.01%
Return on Assets0.26%
Return on Equity2.61%
Interest Income$1.41 million
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Lea Community Credit Union Savings Account Rates

0.15%$10k-Regular Share Savings Account
0.15%$25-Christmas Club Share Savings Account
0.15%$10k-IRA Savings Account
0.15%$10k-Roth IRA Savings Account
0.15%$10k-Education Savings Account

Lea Community Credit Union CD Rates

1.31%$100k-60 Month Share Certificate
1.16%$100k-48 Month Share Certificate
0.95%$100k-36 Month Share Certificate
0.75%$100k-24 Month Share Certificate
0.65%$100k-18 Month Share Certificate
0.55%$100k-12 Month Share Certificate
0.30%$100k-6 Month Share Certificate

Lea Community Credit Union IRA Rates

1.31%$1k-60 Month IRA Certificate (Traditional,CESA,Roth)
1.16%$1k-48 Month IRA Certificate (Traditional,CESA,Roth)
0.95%$100k-36 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$100k-24 Month IRA Certificate (Traditional,Roth,CESA)
0.65%$100k-18 Month IRA Certificate (Traditional,Roth,CESA)
0.55%$100k-12 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$100k-6 Month IRA Certificate (Traditional,Roth,CESA)

Lea Community Credit Union Locations
Branch Office2220 N DAL PASO StHOBBS, NM 88240-3048