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Overview / Commentary
505-243-6751
P.O. Box 95410
Albuquerque, NM 87199

Southwest Credit Union is headquartered in Albuquerque and is the 18st largest credit union in the state of New Mexico. It is also the 2,205th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 19 employees and 5,067 members. Southwest Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of the several select employers. Also open to those who live, work, worship or attend school in San Juan County, New Mexico. - 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. Southwest Credit Union has a relatively 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 Southwest Credit Union had $276,000 in non-current loans and owned real-estate with $4.76 million in equity and loan loss allowances on hand to cover it. This gives Southwest Credit Union a Texas Ratio of 5.80% 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 Southwest Credit Union decreased slightly from 6.89% as of December 31, 2012 to 5.80% as of December 31, 2013, resulting in a positive change of 15.86%.This indicates that the balance sheet and financial strength for Southwest Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Southwest Credit Union has increased its total deposits by $897,000, resulting in 1.92% 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 Credit Union has shown is above average.

Capitalization

GRADE:
C+

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 Credit Union has $52.66 million in assets with $4.76 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

Overall
NCUA #964
Year Chartered1936
Employees19
Primary Regulator
Assets and Liabilities
Assets$52.66 million
Loans$26.89 million
Deposits$47.69 million
Equity Capital$4.58 million
Loan Loss Allowance$177,000
Unbacked Noncurrent Loans$28,000
Real Estate Owned$248,000
Historic Data - December 2012
Assets$51.61 million
Equity Capital$4.55 million
Loan Loss Allowance$367,000
Unbacked Noncurrent Loans$28,000
Real Estate Owned$248,000
Profit Margin - Quarterly
Net Interest Margin5.76%
Return on Assets0.34%
Return on Equity3.91%
Interest Income$1.91 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Southwest Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Southwest Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-IRA Savings
0.10%$100-Regular Share
0.10%$100-Vacation Club
0.10%$100-Christmas Club

Southwest Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Account

Southwest Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$500-Petroglyph Account
0.15%$500-Premier Checking
0.05%$100-Roadrunner Acct/E-Checking
0.05%$100-Volcano Account
0.05%$100-Checking Account

Southwest Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.70%$1k-60 Month CD
1.40%$1k-48 Month CD
0.90%$1k-36 Month CD
0.70%$1k-30 Month CD
0.60%$1k-24 Month CD
0.50%$1k-18 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Southwest Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.70%$1k-60 Month IRA (Traditional,Roth)
1.40%$1k-48 Month IRA (Traditional,Roth)
0.90%$1k-36 Month IRA (Traditional,Roth)
0.70%$1k-30 Month IRA (Traditional,Roth)
0.60%$1k-24 Month IRA (Traditional,Roth)
0.50%$1k-18 Month IRA (Traditional,Roth)
0.30%$1k-12 Month IRA (Traditional,Roth)
0.20%$1k-6 Month IRA (Traditional,Roth)
0.10%$1k-3 Month IRA (Traditional,Roth)
Locations


Southwest Credit Union Locations
Branch Office111 S Miller AveFarmington, NM 87401
Branch Office6100 Coors Blvd NWAlbuquerque, NM 87120
Branch Office8111 Harper Dr NEAlbuquerque, NM 871111046