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Overview / Commentary
523 S 2nd St
Tucumcari, NM 88401-2861

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 4,986th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 4 employees and 1,013 members. Quay Schools 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. Quay Schools 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 Quay Schools Credit Union had $67,000 in non-current loans and owned real-estate with $931,000 in equity and loan loss allowances on hand to cover it. This gives Quay Schools Credit Union a Texas Ratio of 7.20% 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 increased slightly from 2.15% as of March 31, 2013 to 7.20% as of March 31, 2014, resulting in a negative change of 235.04%. This indicates that the balance sheet and financial strength for Quay Schools Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Quay Schools Credit Union has increased its total deposits by $132,000, 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 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 $6.61 million in assets with $931,000 in equity, resulting in a capitalization level of 14.08%, which is excellent.

Institution Statistics

Overall
NCUA #14758
Year Chartered1961
Employees4
Primary Regulator
Assets and Liabilities
Assets$6.61 million
Loans$3.77 million
Deposits$5.60 million
Equity Capital$909,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$67,000
Real Estate Owned$0
Historic Data - March 2013
Assets$6.37 million
Equity Capital$813,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$67,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.3%
Return on Assets1.39%
Return on Equity10.12%
Interest Income$95,000
Rates

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Locations


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