Southwest Community CU

Southwest Community CU Locations
162 North 400 East A-101
Saint George, UT 84770
1-800-371-2693
www.southwestfederal.com
The NCUA announced on July 1st 2010 that it liquidated Southwest Community Federal Credit Union of Saint George, UT. The NCUA was able to find a buyer, Chartway FCU, that assumed all assets and liabilities.



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See Rates for: Checking | Savings | Money Market | CD

Southwest Community CU Checking Account Rates

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0.60%$200k-High Yield Checking
0.60%$200k-Business Checking Plus
0.15%$500-Prime Checking
0.15%$500-More Rewards Checking

Southwest Community CU Savings Account Rates

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0.50%--IRA Shares
0.45%$25-Savings Plus Account - Requires $50 average EOM balance increase
0.40%$50k-Smart Savers Account
0.35%$25-Savings Plus Account - Requires $25 average EOM balance increase
0.25%$25-Savings Plus Account - Requires $100 average EOM balance increase
0.15%$25-Thrif-T-Rex Kids Account
0.15%$25-Savings Plus Account - Less than $25 average EOM balance increase
0.15%$100-Prime Share
0.15%--Business Share
0.15%$100-Other Share

Southwest Community CU Money Market Rates

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0.50%$350k-Premiere Money Market

Southwest Community CU CD Rates

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1.85%$500-60 Month CD
1.14%$500-48 Month CD
1.00%$500-36 Month CD
0.60%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-12 Month No Penalty CD
0.25%$500-6 Month CD

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


CHARTWAY
NCUA #13242
BankRate ReportView
Year Chartered1959
Employees559
Primary Regulator

Assets and Liabilities

Assets$1.91 billion
Loans$1.02 billion
Deposits$1.76 billion
Equity Capital$130.24 million
Loan Loss Allowance$12.02 million
Unbacked Noncurrent Loans$20.03 million
Real Estate Owned$6.53 million

Historic Data - December 2010

Assets$1.77 billion
Equity Capital$123.33 million
Loan Loss Allowance$10.75 million
Unbacked Noncurrent Loans$7.98 million
Real Estate Owned$6.45 million

Profit Margin - Quarterly

Net Interest Margin5.23%
Return on Assets0.36%
Return on Equity5.21%
Interest Income$66.03 million
Non-Interest Income$24.06 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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, 2011 Southwest Community CU had $26.56 million in non-current loans and owned real-estate with $142.26 million in equity and loan loss allowances on hand to cover it. This gives Southwest Community CU a Texas Ratio of 18.67% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Southwest Community CU increased slightly from 10.76% as of December 31, 2010 to 18.67% as of December 31, 2011, resulting in a negative change of 73.56%. This indicates that the balance sheet and financial strength for Southwest Community CU has declined slightly in recent periods.
Deposit Growth5
In the past year, Southwest Community CU has increased its total deposits by $132.34 million, resulting in 8.15% 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 Southwest Community CU has shown is excellent.
Capitalization2
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. Southwest Community CU has $1.91 billion in assets with $142.26 million in equity, resulting in a capitalization level of 7.47%, which is below average.
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