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Overview / Commentary
2809 N Stockton Hill Rd
Kingman, AZ 86401

Mohave Community Credit Union is headquartered in KINGMAN and is the 29th largest credit union in the state of Arizona. It is also the 3,130th largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 11 employees and 5,326 members. Mohave Community Credit Union has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

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

Texas Ratio

GRADE:
B+

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 Mohave Community Credit Union had $291,000 in non-current loans and owned real-estate with $2.26 million in equity and loan loss allowances on hand to cover it. This gives Mohave Community Credit Union a Texas Ratio of 12.85% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Mohave Community Credit Union increased slightly from 4.92% as of December 31, 2012 to 12.85% as of December 31, 2013, resulting in a negative change of 161.11%. This indicates that the balance sheet and financial strength for Mohave Community Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mohave Community Credit Union has increased its total deposits by $1.79 million, resulting in 8.19% 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 Mohave Community Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. Mohave Community Credit Union has $26.09 million in assets with $2.26 million in equity, resulting in a capitalization level of 8.68%, which is average.

Institution Statistics

Overall
NCUA #12000
Year Chartered1957
Employees11
Primary Regulator
Assets and Liabilities
Assets$26.09 million
Loans$18.43 million
Deposits$23.69 million
Equity Capital$2.00 million
Loan Loss Allowance$261,000
Unbacked Noncurrent Loans$291,000
Real Estate Owned$0
Historic Data - December 2012
Assets$24.14 million
Equity Capital$1.99 million
Loan Loss Allowance$149,000
Unbacked Noncurrent Loans$291,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.4%
Return on Assets0.07%
Return on Equity0.9%
Interest Income$1.23 million
Rates

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Locations


Mohave Community Credit Union Locations
Branch Office2809 N Stockton Hill RdKingman, AZ 86401-4139