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New Mexico Correctional Empl Credit Union

New Mexico Correctional Empl Credit Union
Overview / Commentary
1017 Camino del Gusto
Santa Fe, NM 87507

New Mexico Correctional Empl Credit Union is headquartered in Santa Fe and is the 47th largest credit union in the state of New Mexico. It is also the 6,145th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 1 employees and 304 members. New Mexico Correctional Empl Credit Union has a D health rating.

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Health

Data for Q1 2014

Institution Health

D
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. New Mexico Correctional Empl Credit Union has a very low asset base.

Texas Ratio

GRADE:
C-

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 New Mexico Correctional Empl Credit Union had $139,000 in non-current loans and owned real-estate with $209,000 in equity and loan loss allowances on hand to cover it. This gives New Mexico Correctional Empl Credit Union a Texas Ratio of 66.51% which is below 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 New Mexico Correctional Empl Credit Union increased slightly from 22.71% as of March 31, 2013 to 66.51% as of March 31, 2014, resulting in a negative change of 192.89%. This indicates that the balance sheet and financial strength for New Mexico Correctional Empl Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, New Mexico Correctional Empl Credit Union has decreased its total deposits by $-134,000, resulting in -11.18% 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 New Mexico Correctional Empl Credit Union has shown is poor.

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. New Mexico Correctional Empl Credit Union has $1.2 million in assets with $209,000 in equity, resulting in a capitalization level of 17.36%, which is excellent.

Institution Statistics

Overall
NCUA #12633
Year Chartered1958
Employees1
Primary Regulator
Assets and Liabilities
Assets$1.20 million
Loans$916,000
Deposits$1.07 million
Equity Capital$139,000
Loan Loss Allowance$70,000
Unbacked Noncurrent Loans$139,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.37 million
Equity Capital$166,000
Loan Loss Allowance$63,000
Unbacked Noncurrent Loans$139,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.85%
Return on Assets-6.98%
Return on Equity-60.43%
Interest Income$26,000
Rates

Sorry, we do not have rate data for New Mexico Correctional Empl Credit Union

Locations


New Mexico Correctional Empl Credit Union Locations
Branch Office1017 Camino del GustoSanta Fe, NM 87507