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Overview / Commentary
520-364-8401
P.O. Box 1059
Douglas, AZ 85608

Southeastern Arizona Credit Union is headquartered in Douglas and is the 28th largest credit union in the state of Arizona. It is also the 3,027th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 12 employees and 5,640 members. Southeastern Arizona Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Cochise County, Arizona. - See Details

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Health

Data for Q4 2013

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. Southeastern Arizona Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Southeastern Arizona Credit Union had $231,000 in non-current loans and owned real-estate with $3.75 million in equity and loan loss allowances on hand to cover it. This gives Southeastern Arizona Credit Union a Texas Ratio of 6.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Southeastern Arizona Credit Union increased slightly from 0.53% as of December 31, 2012 to 6.16% as of December 31, 2013, resulting in a negative change of 1,061.47%. This indicates that the balance sheet and financial strength for Southeastern Arizona Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Southeastern Arizona Credit Union has increased its total deposits by $276,000, resulting in 1.16% 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 Southeastern Arizona Credit Union has shown is above 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. Southeastern Arizona Credit Union has $28 million in assets with $3.75 million in equity, resulting in a capitalization level of 13.39%, which is excellent.

Institution Statistics

Overall
NCUA #9897
Year Chartered1954
Employees12
Primary Regulator
Assets and Liabilities
Assets$28.00 million
Loans$13.74 million
Deposits$24.15 million
Equity Capital$3.65 million
Loan Loss Allowance$101,000
Unbacked Noncurrent Loans$231,000
Real Estate Owned$0
Historic Data - December 2012
Assets$27.75 million
Equity Capital$3.68 million
Loan Loss Allowance$88,000
Unbacked Noncurrent Loans$231,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.61%
Return on Assets-0.12%
Return on Equity-0.93%
Interest Income$872,000
Rates
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Southeastern Arizona Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$25-Master Share Account
0.02%--IRA Share Account

Southeastern Arizona Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Account

Southeastern Arizona Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-24 Month Share Certificate
0.40%$1k-18 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.20%$1k-6 Month Share Certificate
0.08%$500-3 Month Share Certificate

Southeastern Arizona Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-24 Month IRA Certificate
0.40%$1k-18 Month IRA Certificate
0.30%$1k-12 Month IRA Certificate
0.20%$1k-6 Month IRA Certificate
0.08%$500-3 Month IRA Certificate
Locations


Southeastern Arizona Credit Union Locations
Branch Office182 E 4th StBenson, AZ 85602-6610
Branch Office1600 N Pan American AveDouglas, AZ 85607