Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
602-274-7592
1640 W Thomas Rd
Phoenix, AZ 85015

Southwest Health Care Credit Union is headquartered in Phoenix and is the 32nd largest credit union in the state of Arizona. It is also the 3,888th largest credit union in the nation. It was established in 1973 and as of March of 2014, it had grown to 5 employees and 2,158 members. Southwest Health Care Credit Union has a B health rating.

Field of Membership Restrictions

Membership Eligibility No Information Has Been Provided. Contact your Credit Union for more information. - See Details

No reviews have been left for this bank yet. Be the first to review.



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. Southwest Health Care 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 Southwest Health Care Credit Union had $52,000 in non-current loans and owned real-estate with $1.62 million in equity and loan loss allowances on hand to cover it. This gives Southwest Health Care Credit Union a Texas Ratio of 3.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Southwest Health Care Credit Union decreased dramatically from 11.07% as of March 31, 2013 to 3.21% as of March 31, 2014, resulting in a positive change of 70.97%.This indicates that the balance sheet and financial strength for Southwest Health Care Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Southwest Health Care Credit Union has decreased its total deposits by $-463,000, resulting in -3.18% 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 Health Care Credit Union has shown is below average.

Capitalization

GRADE:
B+

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 Health Care Credit Union has $15.68 million in assets with $1.62 million in equity, resulting in a capitalization level of 10.32%, which is above average.

Institution Statistics

Overall
NCUA #64051
Year Chartered1973
Employees5
Primary Regulator
Assets and Liabilities
Assets$15.68 million
Loans$7.86 million
Deposits$14.09 million
Equity Capital$1.53 million
Loan Loss Allowance$85,000
Unbacked Noncurrent Loans$52,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.28 million
Equity Capital$1.62 million
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$52,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.56%
Return on Assets-0.54%
Return on Equity-5.48%
Interest Income$135,000
Rates
Skip to rates for:

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

Southwest Health Care Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--IRA Accumulative Account
0.03%$50-Share Savings Account

Southwest Health Care Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Money Market Share Account

Southwest Health Care Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$10k-3 Year Money Market CD
0.50%$10k-2 Year Money Market CD
0.25%$10k-1 Year Money Market CD
0.10%$1k-6 Month Money Market CD

Southwest Health Care Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$10k-3 Year IRA
0.50%$10k-2 Year IRA
0.25%$10k-1 Year IRA
0.10%$1k-6 Month IRA
Locations


Southwest Health Care Credit Union Locations
Branch Office1640 W Thomas RdPhoenix, AZ 85015
Branch Office1640 W Thomas RdPhoenix, AZ 85015