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Overview / Commentary
614 Alta Vista St
Santa Fe, NM 87505

Northern New Mexico School Employee Credit Union is headquartered in SANTA FE and is the 30th largest credit union in the state of New Mexico. It is also the 3,626th largest credit union in the nation. It was established in 1942 and as of December of 2013, it had grown to 6 employees and 1,804 members. Northern New Mexico School Employee Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of a public, private or parochial school system in Santa Fe County, New Mexico. Also open to employees of New Mexico School for the Deaf in Santa Fe, New Mexico and other select educational groups. - See Details

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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. Northern New Mexico School Employee 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 Northern New Mexico School Employee Credit Union had $197,000 in non-current loans and owned real-estate with $1.65 million in equity and loan loss allowances on hand to cover it. This gives Northern New Mexico School Employee Credit Union a Texas Ratio of 11.92% 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 Northern New Mexico School Employee Credit Union experienced no significant changes from 13.21% as of December 31, 2012 to 11.92% as of December 31, 2013, resulting in a positive change of 9.75%.This indicates that the balance sheet and financial strength for Northern New Mexico School Employee Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Northern New Mexico School Employee Credit Union has increased its total deposits by $396,000, resulting in 2.41% 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 Northern New Mexico School Employee Credit Union has shown is above average.

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. Northern New Mexico School Employee Credit Union has $18.53 million in assets with $1.65 million in equity, resulting in a capitalization level of 8.91%, which is average.

Institution Statistics

Overall
NCUA #4805
Year Chartered1942
Employees6
Primary Regulator
Assets and Liabilities
Assets$18.53 million
Loans$9.11 million
Deposits$16.85 million
Equity Capital$1.60 million
Loan Loss Allowance$49,000
Unbacked Noncurrent Loans$197,000
Real Estate Owned$0
Historic Data - December 2012
Assets$18.20 million
Equity Capital$1.66 million
Loan Loss Allowance$10,000
Unbacked Noncurrent Loans$197,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.45%
Return on Assets-0.17%
Return on Equity-2%
Interest Income$692,000
Rates
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Northern New Mexico School Employee Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$500-IRA Share Account
0.35%$500-Roth IRA Account
0.35%$500-Education IRA Account
0.10%$500-Regular Share Account
0.10%$500-Secondary Share Account
0.10%$500-Christmas Club Account

Northern New Mexico School Employee Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Account
0.00%--GEM Checking Account

Northern New Mexico School Employee Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.65%$1k-36 Month F55 CD
0.55%$1k-36 Month CD
0.35%$1k-24 Month F55 CD
0.35%$50k-50/20 Month CD
0.30%$20k-20/20 Month CD
0.25%$1k-24 Month CD
0.25%$1k-12 Month F55 CD
0.20%$1k-6 Month F55 CD
0.20%$1k-Spec 15 Month Certificate - Interest paid Monthly
0.15%$1k-12 Month CD
0.10%$1k-6 Month CD
Locations


Northern New Mexico School Employee Credit Union Locations
Branch Office614 Alta Vista StSanta Fe, NM 87505