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Otero County Teachers Credit Union

Otero County Teachers Credit Union
Overview / Commentary
316 Santa Fe Ave
La Junta, CO 81050

Otero County Teachers Credit Union is headquartered in La Junta and is the 83rd largest credit union in the state of Colorado. It is also the 5,431st largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 2 employees and 1,207 members. Otero County Teachers Credit Union has a B health rating.

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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. Otero County Teachers Credit Union has a very 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 Otero County Teachers Credit Union had $38,000 in non-current loans and owned real-estate with $476,000 in equity and loan loss allowances on hand to cover it. This gives Otero County Teachers Credit Union a Texas Ratio of 7.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Otero County Teachers Credit Union decreased dramatically from 13.55% as of March 31, 2013 to 7.98% as of March 31, 2014, resulting in a positive change of 41.09%.This indicates that the balance sheet and financial strength for Otero County Teachers Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Otero County Teachers Credit Union has increased its total deposits by $237,000, resulting in 6.64% 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 Otero County Teachers Credit Union has shown is excellent.

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. Otero County Teachers Credit Union has $4.25 million in assets with $476,000 in equity, resulting in a capitalization level of 11.20%, which is excellent.

Institution Statistics

Overall
NCUA #1956
Year Chartered1937
Employees2
Primary Regulator
Assets and Liabilities
Assets$4.25 million
Loans$1.72 million
Deposits$3.81 million
Equity Capital$437,000
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$38,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.02 million
Equity Capital$446,000
Loan Loss Allowance$41,000
Unbacked Noncurrent Loans$38,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.21%
Return on Assets-0.19%
Return on Equity-1.83%
Interest Income$41,000
Rates

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Locations


Otero County Teachers Credit Union Locations
Branch Office316 Santa Fe AveLa Junta, CO 81050