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Overview / Commentary
216 S Main St
Snowflake, AZ 85937

Snowflake Mills Credit Union is headquartered in Snowflake and is the 34th largest credit union in the state of Arizona. It is also the 4,246th largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 7 employees and 2,133 members. Snowflake Mills Credit Union's savings rates are 46% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of Snowflake Lumber & Moulding or other Select Employer Group (SEG). - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Snowflake Mills Credit Union has a low asset base.

Texas Ratio


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 Snowflake Mills Credit Union had $30,000 in non-current loans and owned real-estate with $1.47 million in equity and loan loss allowances on hand to cover it. This gives Snowflake Mills Credit Union a Texas Ratio of 2.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Snowflake Mills Credit Union experienced no significant changes from 1.99% as of December 31, 2012 to 2.04% as of December 31, 2013, resulting in a negative change of 2.67%. This indicates that the balance sheet and financial strength for Snowflake Mills Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Snowflake Mills Credit Union has decreased its total deposits by $-525,000, resulting in -4.78% 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 Snowflake Mills Credit Union has shown is below average.



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. Snowflake Mills Credit Union has $11.85 million in assets with $1.47 million in equity, resulting in a capitalization level of 12.40%, which is excellent.

Institution Statistics

NCUA #16190
Year Chartered1964
Primary Regulator
Assets and Liabilities
Assets$11.85 million
Loans$6.86 million
Deposits$10.45 million
Equity Capital$1.36 million
Loan Loss Allowance$108,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$18,000
Historic Data - December 2012
Assets$12.37 million
Equity Capital$1.36 million
Loan Loss Allowance$102,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.19%
Return on Assets0.05%
Return on Equity0.44%
Interest Income$477,000
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Snowflake Mills Credit Union Savings Account Rates

0.76%$50k-Share Savings Account
0.76%$50k-Trust Savings Account
0.76%$50k-Organizational Account
0.50%$100-New IRA Savings Account

Snowflake Mills Credit Union CD Rates

0.75%$10k-36 Month CD - New Certificates
0.75%$10k-36 Month CD - Renewals
0.50%$2,500-12 Month CD - New Certificates
0.50%$2,500-12 Month CD - Renewals
0.25%$2,500-6 Month CD - New Certificates
0.25%$10k-3 Month CD - New Certificates
0.25%$10k-3 Month CD - Renewals
0.25%$2,500-6 Month CD - Renewals

Snowflake Mills Credit Union IRA Rates

0.76%--12 Month IRA - New Certificates
0.76%--12 Month IRA - Renewals

Snowflake Mills Credit Union Locations
Branch Office216 S Main StSnowflake, AZ 85937