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Overview / Commentary
928-536-7484
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 4,188th largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 7 employees and 2,143 members. Snowflake Mills Credit Union 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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Health

Data for Q1 2014

Institution Health

B
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

GRADE:
A+

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 Snowflake Mills Credit Union had $29,000 in non-current loans and owned real-estate with $1.46 million in equity and loan loss allowances on hand to cover it. This gives Snowflake Mills Credit Union a Texas Ratio of 1.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Snowflake Mills Credit Union decreased slightly from 2.32% as of March 31, 2013 to 1.98% as of March 31, 2014, resulting in a positive change of 14.59%.This indicates that the balance sheet and financial strength for Snowflake Mills Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Snowflake Mills Credit Union has decreased its total deposits by $-25,000, resulting in -0.22% 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 average.

Capitalization

GRADE:
A

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 $12.64 million in assets with $1.46 million in equity, resulting in a capitalization level of 11.59%, which is excellent.

Institution Statistics

Overall
NCUA #16190
Year Chartered1964
Employees7
Primary Regulator
Assets and Liabilities
Assets$12.64 million
Loans$6.86 million
Deposits$11.21 million
Equity Capital$1.36 million
Loan Loss Allowance$108,000
Unbacked Noncurrent Loans$11,000
Real Estate Owned$18,000
Historic Data - March 2013
Assets$12.66 million
Equity Capital$1.36 million
Loan Loss Allowance$102,000
Unbacked Noncurrent Loans$11,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.5%
Return on Assets0.19%
Return on Equity1.77%
Interest Income$118,000
Rates
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Snowflake Mills Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100-New IRA Savings Account
0.10%$25-Share Savings Account
0.10%$25-Trust Savings Account
0.10%$25-Organizational Account

Snowflake Mills Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

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


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