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Overview / Commentary
956-661-4000
3515 S Jackson Rd
EDINBURG, TX 78539-6600

Security First Credit Union is headquartered in EDINBURG and is the 48th largest credit union in the state of Texas. It is also the 569th largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 142 employees and 55,449 members. Security First Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Rio Grande Valley. - See Details

Related Posts

Security First Credit Union Remains Competitive With 9-Month CD Special - 7/27/2014

Security First Credit Union remains competitive with a 9-Month CD Special (1.16% APY).



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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B

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 Security First Credit Union had $5.7 million in non-current loans and owned real-estate with $37.02 million in equity and loan loss allowances on hand to cover it. This gives Security First Credit Union a Texas Ratio of 15.39% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Security First Credit Union increased slightly from 8.00% as of March 31, 2013 to 15.39% as of March 31, 2014, resulting in a negative change of 92.51%. This indicates that the balance sheet and financial strength for Security First Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Security First Credit Union has increased its total deposits by $7.98 million, resulting in 2.33% 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 Security First Credit Union has shown is above average.

Capitalization

GRADE:
B

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. Security First Credit Union has $389.26 million in assets with $37.02 million in equity, resulting in a capitalization level of 9.51%, which is above average.

Institution Statistics

Overall
NCUA #5547
Year Chartered1947
Employees142
Primary Regulator
Assets and Liabilities
Assets$389.26 million
Loans$276.85 million
Deposits$349.83 million
Equity Capital$34.99 million
Loan Loss Allowance$2.03 million
Unbacked Noncurrent Loans$5.51 million
Real Estate Owned$192,000
Historic Data - March 2013
Assets$380.95 million
Equity Capital$35.27 million
Loan Loss Allowance$1.70 million
Unbacked Noncurrent Loans$5.51 million
Real Estate Owned$356,000
Profit Margin - Quarterly
Net Interest Margin1.33%
Return on Assets0.18%
Return on Equity2.06%
Interest Income$4.25 million
Rates

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Security First Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Young Member Club Account
0.30%$50-CESA Club Account
0.30%$50-Roth IRA Club Account
0.30%$50-IRA Club Account
0.10%$50-Share Savings Account
0.10%--Holiday Club Account
0.10%$50-Business Savings

Security First Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$2,500-Money Management Account

Security First Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.55%$50-Diamond Club Checking Account
0.25%$50-Free Plus Checking
0.05%$1k-Business Checking

Security First Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.39%$50k-24 Month CD
1.16%$1k-9 Month CD Special
1.03%$50k-18 Month CD
0.88%$50k-12 Month CD
0.38%$50k-6 Month CD

Security First Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.39%$50k-24 Month IRA
1.03%$50k-18 Month IRA
0.88%$50k-12 Month IRA
0.38%$50k-6 Month IRA
Locations

Security First Credit Union has 15 locations. Click to view all Security First Credit Union locations.