Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Quay Schools Credit Union

Quay Schools Credit Union
Overview / Commentary
P.O. Box 605
Tucumcari, NM 88401

Quay Schools Credit Union is headquartered in Tucumcari and is the 40th largest credit union in the state of New Mexico. It is also the 4,983rd largest credit union in the nation. It was established in 1961 and as of December of 2013, it had grown to 4 employees and 981 members. Quay Schools Credit Union has a B health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

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. Quay Schools Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Quay Schools Credit Union had $58,000 in non-current loans and owned real-estate with $910,000 in equity and loan loss allowances on hand to cover it. This gives Quay Schools Credit Union a Texas Ratio of 6.37% 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 Quay Schools Credit Union experienced no significant changes from 3.40% as of December 31, 2012 to 6.37% as of December 31, 2013, resulting in a negative change of 87.57%. This indicates that the balance sheet and financial strength for Quay Schools Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Quay Schools Credit Union has increased its total deposits by $97,000, resulting in 1.76% 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 Quay Schools Credit Union has shown is above average.

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. Quay Schools Credit Union has $6.6 million in assets with $910,000 in equity, resulting in a capitalization level of 13.79%, which is excellent.

Institution Statistics

Overall
NCUA #14758
Year Chartered1961
Employees4
Primary Regulator
Assets and Liabilities
Assets$6.60 million
Loans$3.83 million
Deposits$5.62 million
Equity Capital$885,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.40 million
Equity Capital$799,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.69%
Return on Assets1.3%
Return on Equity9.72%
Interest Income$382,000
Rates

Sorry, we do not have rate data for Quay Schools Credit Union

Locations


Quay Schools Credit Union Locations
Branch Office523 S 2nd StTucumcari, NM 88401-2861