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Overview / Commentary
208-466-9455
421 11th Ave S
Nampa, ID 83651

Mountain Gem Credit Union is headquartered in Nampa and is the 30th largest credit union in the state of Idaho. It is also the 3,763rd largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 10 employees and 3,245 members. Mountain Gem Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Canyon, Gem, Owyhee, Payette, Adams or Washington County. - See Details

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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. Mountain Gem 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 Mountain Gem Credit Union had $53,000 in non-current loans and owned real-estate with $1.53 million in equity and loan loss allowances on hand to cover it. This gives Mountain Gem Credit Union a Texas Ratio of 3.47% 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 Mountain Gem Credit Union experienced no significant changes from 3.20% as of March 31, 2013 to 3.47% as of March 31, 2014, resulting in a negative change of 8.50%. This indicates that the balance sheet and financial strength for Mountain Gem Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mountain Gem Credit Union has increased its total deposits by $1 million, resulting in 6.85% 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 Mountain Gem 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. Mountain Gem Credit Union has $17.03 million in assets with $1.53 million in equity, resulting in a capitalization level of 8.96%, which is average.

Institution Statistics

Overall
NCUA #65858
Year Chartered1956
Employees10
Primary Regulator
Assets and Liabilities
Assets$17.03 million
Loans$13.79 million
Deposits$15.62 million
Equity Capital$1.36 million
Loan Loss Allowance$163,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Historic Data - March 2013
Assets$15.95 million
Equity Capital$1.26 million
Loan Loss Allowance$178,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.48%
Return on Assets0.56%
Return on Equity7.04%
Interest Income$211,000
Rates
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Mountain Gem Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Member Bonus Accounts
0.05%$5k-Regular Shares Account
0.05%$100-Holiday Club Account
0.05%$25-Scottie Saver (Kids Account)
0.05%$25-Q-Club (Young Adults 14-24)
0.05%$100-IRA Passbook Account

Mountain Gem Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.40%$500-3 Year CD
0.30%$500-2 Year CD
0.18%$500-1 Year CD
0.10%$500-6 Month CD
Locations


Mountain Gem Credit Union Locations
Branch Office270 E 7th St Ste JWeiser, ID 83672
Branch Office421 11th Ave SNampa, ID 83651