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Overview / Commentary
112 Williams Lane
Kearny, AZ 85137-1089

Ray Credit Union is headquartered in Kearny and is the 37th largest credit union in the state of Arizona. It is also the 4,726th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 7 employees and 1,962 members. Ray Credit Union has a B+ health rating.

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Data for Q1 2014

Institution Health

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

Texas Ratio


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 Ray Credit Union had $18,000 in non-current loans and owned real-estate with $1.13 million in equity and loan loss allowances on hand to cover it. This gives Ray Credit Union a Texas Ratio of 1.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ray Credit Union decreased dramatically from 3.78% as of March 31, 2013 to 1.60% as of March 31, 2014, resulting in a positive change of 57.66%.This indicates that the balance sheet and financial strength for Ray Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Ray Credit Union has increased its total deposits by $2.01 million, resulting in 38.61% 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 Ray Credit Union has shown is excellent.



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. Ray Credit Union has $8.32 million in assets with $1.13 million in equity, resulting in a capitalization level of 13.53%, which is excellent.

Institution Statistics

NCUA #9951
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$8.32 million
Loans$4.62 million
Deposits$7.22 million
Equity Capital$1.07 million
Loan Loss Allowance$59,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Historic Data - March 2013
Assets$6.27 million
Equity Capital$1,000,000
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.43%
Return on Equity3.37%
Interest Income$112,000

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Ray Credit Union Locations
Branch Office112 Williams LaneKearny, AZ 85137-1089