Sandia Laboratory Credit Union is headquartered in Albuquerque and is the largest credit union in the state of New Mexico. It is also the 73rd largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 237 employees and 71,570 members. Sandia Laboratory Credit Union's money market rates are 14% higher than the national average, and it has a A health rating.
In addition to employees at Sandia National Laboratories and several other companies, membership in SLFCU is open to members of the National Museum of Nuclear Science & History. - See Details
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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 Sandia Laboratory Credit Union had $7.07 million in non-current loans and owned real-estate with $198.48 million in equity and loan loss allowances on hand to cover it. This gives Sandia Laboratory Credit Union a Texas Ratio of 3.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Sandia Laboratory Credit Union experienced no significant changes from 3.07% as of December 31, 2012 to 3.56% as of December 31, 2013, resulting in a negative change of 16.13%. This indicates that the balance sheet and financial strength for Sandia Laboratory Credit Union has had no significant changes in recent periods.
In the past year, Sandia Laboratory Credit Union has increased its total deposits by $105.71 million, resulting in 6.14% 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 Laboratory 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 Laboratory Credit Union has $2.03 billion in assets with $198.48 million in equity, resulting in a capitalization level of 9.78%, which is above average.
|Assets and Liabilities|
|Equity Capital||$192.41 million|
|Loan Loss Allowance||$6.08 million|
|Unbacked Noncurrent Loans||$6.18 million|
|Real Estate Owned||$885,000|
|Historic Data - December 2012|
|Equity Capital||$166.76 million|
|Loan Loss Allowance||$6.12 million|
|Unbacked Noncurrent Loans||$6.18 million|
|Real Estate Owned||$1.50 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.89%|
|Return on Assets||0.92%|
|Return on Equity||9.75%|
|Interest Income||$57.68 million|
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|0.40%||$50k||-||IRA Share Savings|
|0.40%||$50k||-||Roth IRA Share Savings|
|0.40%||$50k||-||CESA Share Savings|
|0.50%||$50k||-||Money Market Savings|
|0.15%||$500||-||Money Manager Checking|
|1.41%||$200k||-||36 Month CD|
|1.31%||$200k||-||24 - 35 Month CD|
|0.90%||$200k||-||18 Month Bump Up CD|
|0.75%||$200k||-||12 - 23 Month CD|
|0.70%||$200k||-||6 - 11 Month CD|
|0.70%||$200k||-||48 Month Variable CD|
|1.51%||$200k||-||36 Month IRA (Traditional,Roth,CESA)|
|1.41%||$200k||-||24 Month IRA (Traditional,Roth,CESA)|
|1.01%||$200k||-||18 Month Bump Up IRA (Traditional,Roth,CESA)|
|0.85%||$200k||-||12 Month IRA (Traditional,Roth,CESA)|
|0.80%||$200k||-||6 Month IRA (Traditional,Roth,CESA)|
|0.70%||$200k||-||48 Month Variable IRA (Traditional,Roth,CESA)|
|Sandia Laboratory Credit Union Locations|
|Branch Office||Wyoming & I Street Kafb||Albuquerque, NM 87117-0001|
|Branch Office||2700 Palmilla Rd||Los Lunas, NM 87031|
|Branch Office||6600 Gulton Ct NE||Albuquerque, NM 87109|
|Branch Office||150 State Road 344 Ste B||Edgewood, NM 87015-6877|
|Branch Office||8920 Holly Ave NE||Albuquerque, NM 87122|
|Branch Office||3707 Juan Tabo Blvd NE||Albuquerque, NM 87111|
|Branch Office||3740 Ellison Rd NW||Albuquerque, NM 87114|
|Branch Office||1301 Britt St SE||Albuquerque, NM 87123-3354|
|Branch Office||39 S Livermore Ave Ste 101||Livermore, CA 94550-3119|
|Branch Office||7011 East Ave||Livermore, CA 94550-9610|