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Overview / Commentary
877-761-5136
301 Rio Bravo Blvd SE
Albuquerque, NM 87105

Rio Grande CU (NM) is headquartered in Albuquerque and is the 11st largest credit union in the state of New Mexico. It is also the 812st largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 91 employees and 26,399 members. Rio Grande CU (NM) has a A+ health rating.

Field of Membership Restrictions

Must be an employee of the City of Albuquerque, Bernalillo County, VA Hospital or be a member of select Catholic Parishes. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Rio Grande CU (NM) had $848,000 in non-current loans and owned real-estate with $33.42 million in equity and loan loss allowances on hand to cover it. This gives Rio Grande CU (NM) a Texas Ratio of 2.54% 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 Rio Grande CU (NM) decreased dramatically from 3.93% as of March 31, 2013 to 2.54% as of March 31, 2014, resulting in a positive change of 35.52%.This indicates that the balance sheet and financial strength for Rio Grande CU (NM) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Rio Grande CU (NM) has increased its total deposits by $6.52 million, resulting in 3.17% 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 Rio Grande CU (NM) 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. Rio Grande CU (NM) has $245.72 million in assets with $33.42 million in equity, resulting in a capitalization level of 13.60%, which is excellent.

Institution Statistics

Overall
NCUA #62573
Year Chartered1952
Employees91
Primary Regulator
Assets and Liabilities
Assets$245.72 million
Loans$179.21 million
Deposits$212.51 million
Equity Capital$31.68 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$662,000
Real Estate Owned$186,000
Historic Data - March 2013
Assets$236.02 million
Equity Capital$29.15 million
Loan Loss Allowance$1.68 million
Unbacked Noncurrent Loans$662,000
Real Estate Owned$458,000
Profit Margin - Quarterly
Net Interest Margin1.26%
Return on Assets1.4%
Return on Equity10.89%
Interest Income$2.66 million
Rates
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Rio Grande CU (NM) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$25-Roth IRA Account
0.50%$25-Traditional IRA Account
0.45%$50k-Investors Club Account
0.25%$25-CU Succeed Savings Account
0.25%$25-Prosperity Kids Account
0.20%$1k-Regular Share Account
0.20%$25-Kirby Kangaroo Savings Club Account
0.20%--Christmas Club Account
0.20%--Vacation Club Account
0.20%--Rainy Day Club Account
0.20%$1k-Secondary Shares Account

Rio Grande CU (NM) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$200-Zia Checking Account
0.20%$200-Golden Checking Account
0.20%--CU Succeed Checking Account

Rio Grande CU (NM) CD Rates

DetailsAPYMINMAXPRODUCT
1.70%$25k-60 Month CD
1.50%$25k-48 Month CD
1.30%$25k-36 Month CD
1.10%$25k-24 Month CD
0.80%$25k-18 Month CD
0.65%$25k-12 Month CD
0.55%$25k-6 Month CD
0.45%$25k-3 Month CD

Rio Grande CU (NM) IRA Rates

DetailsAPYMINMAXPRODUCT
1.70%$25k-60 Month IRA
1.50%$25k-48 Month IRA
1.30%$25k-36 Month IRA
1.10%$25k-24 Month IRA
0.80%$25k-18 Month IRA
0.65%$25k-12 Month IRA
0.55%$25k-6 Month IRA
0.45%$25k-3 Month IRA
Locations


Rio Grande CU (NM) Locations
Branch Office301 Rio Bravo Blvd SEAlbuquerque, NM 87105
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