Sandia Area Credit Union is headquartered in Albuquerque and is the 5th largest credit union in the state of New Mexico. It is also the 471st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 113 employees and 63,211 members. Sandia Area Credit Union has a A+ health rating.
Must live, work, worship, volunteer or go to school in Bernalillo County (inclusive of Albuquerque and Kirtland Air Force Base), the city of Rio Rancho, Cibola County, Torrance County or Valencia County. - See Details
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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 Sandia Area Credit Union had $1.18 million in non-current loans and owned real-estate with $55.4 million in equity and loan loss allowances on hand to cover it. This gives Sandia Area Credit Union a Texas Ratio of 2.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Sandia Area Credit Union experienced no significant changes from 0.80% as of March 31, 2013 to 2.13% as of March 31, 2014, resulting in a negative change of 165.25%. This indicates that the balance sheet and financial strength for Sandia Area Credit Union has had no significant changes in recent periods.
In the past year, Sandia Area Credit Union has increased its total deposits by $33.64 million, resulting in 8.67% 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 Sandia Area 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. Sandia Area Credit Union has $482.13 million in assets with $55.4 million in equity, resulting in a capitalization level of 11.49%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$50.47 million|
|Loan Loss Allowance||$4.94 million|
|Unbacked Noncurrent Loans||$648,000|
|Real Estate Owned||$533,000|
|Historic Data - March 2013|
|Equity Capital||$44.05 million|
|Loan Loss Allowance||$4.11 million|
|Unbacked Noncurrent Loans||$648,000|
|Real Estate Owned||$121,000|
|Profit Margin - Quarterly|
|Return on Assets||1.22%|
|Return on Equity||11.63%|
|Interest Income||$3.37 million|
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|0.35%||$100k||-||IRA Share Account|
|0.35%||$100k||-||Roth IRA Share Account|
|0.35%||$100k||-||CESA Share Account|
|0.35%||$100k||-||IRA Asset Builder Money Market Account|
|0.35%||$100k||-||Peak Money Market Account|
|0.35%||$100k||-||Roth IRA Asset Builder Money Market Account|
|0.35%||$100k||-||CESA Asset Builder Money Market Account|
|0.05%||$500||-||Performance Checking Account|
|1.40%||$500||-||48 Month Share Certificate|
|1.15%||$500||-||36 Month Share Certificate|
|0.80%||$500||-||24 Month Share Certificate|
|0.50%||$500||-||12 Month Share Certificate|
|0.45%||$500||-||6 Month Share Certificate|
|1.40%||$500||-||48 Month IRA Share Certificate|
|1.15%||$500||-||36 Month IRA Share Certificate|
|0.80%||$500||-||24 Month IRA Share Certificate|
|0.50%||$500||-||12 Month IRA Share Certificate|
|0.45%||$500||-||6 Month IRA Share Certificate|
|Sandia Area Credit Union Locations|
|Branch Office||8000 Palomas Ave NE||Albuquerque, NM 87109|
|Branch Office||1601 Rio Rancho Dr SE||Rio Rancho, NM 87124|
|Branch Office||6410 Coors Blvd NW||Albuquerque, NM 87120|
|Branch Office||1850 Wyoming Blvd SE||Albuquerque, NM 87117|
|Branch Office||8505 Candelaria Rd NE||Albuquerque, NM 87112|