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Overview / Commentary
956-661-4000
P.O. Box 4829
Mcallen, TX 78502

Security First Credit Union is headquartered in MCALLEN and is the 48th largest credit union in the state of Texas. It is also the 572nd largest credit union in the nation. It was established in 1947 and as of December of 2013, it had grown to 137 employees and 54,631 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

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 Security First Credit Union had $6.33 million in non-current loans and owned real-estate with $36.53 million in equity and loan loss allowances on hand to cover it. This gives Security First Credit Union a Texas Ratio of 17.32% 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 9.57% as of December 31, 2012 to 17.32% as of December 31, 2013, resulting in a negative change of 81.10%. 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 $5.05 million, resulting in 1.56% 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 $376.13 million in assets with $36.53 million in equity, resulting in a capitalization level of 9.71%, which is above average.

Institution Statistics

Overall
NCUA #5547
Year Chartered1947
Employees137
Primary Regulator
Assets and Liabilities
Assets$376.13 million
Loans$282.89 million
Deposits$327.80 million
Equity Capital$34.51 million
Loan Loss Allowance$2.03 million
Unbacked Noncurrent Loans$6.14 million
Real Estate Owned$192,000
Historic Data - December 2012
Assets$372.39 million
Equity Capital$35.78 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$6.14 million
Real Estate Owned$356,000
Profit Margin - Quarterly
Net Interest Margin5.35%
Return on Assets-0.15%
Return on Equity-1.63%
Interest Income$17.32 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
0.01%$1k-Business Checking

Security First Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.81%$50k-36 Month CD
1.39%$50k-24 Month CD
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
1.81%$50k-36 Month IRA (Traditional,CESA,Roth)
1.39%$50k-24 Month IRA (Traditional,CESA,Roth)
1.03%$50k-18 Month IRA (Traditional,CESA,Roth)
0.88%$50k-12 Month IRA (Traditional,CESA,Roth)
0.38%$50k-6 Month IRA (Traditional,CESA,Roth)
Locations

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