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St. Gertrude's Credit Union

St. Gertrude's Credit Union
Overview / Commentary
P.O. Box 92
Mora, NM 87732

St. Gertrude's Credit Union is headquartered in Mora and is the 46th largest credit union in the state of New Mexico. It is also the 6,001st largest credit union in the nation. It was established in 1946 and as of December of 2013, it had grown to 2 employees and 617 members. St. Gertrude's Credit Union has a C- health rating.

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Health

Data for Q4 2013

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. St. Gertrude's Credit Union has a very low asset base.

Texas Ratio

GRADE:
D

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 St. Gertrude's Credit Union had $181,000 in non-current loans and owned real-estate with $184,000 in equity and loan loss allowances on hand to cover it. This gives St. Gertrude's Credit Union a Texas Ratio of 98.37% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for St. Gertrude's Credit Union experienced no significant changes from 100.00% as of December 31, 2012 to 98.37% as of December 31, 2013, resulting in a positive change of 1.63%.This indicates that the balance sheet and financial strength for St. Gertrude's Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, St. Gertrude's Credit Union has decreased its total deposits by $-21,000, resulting in -1.24% 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 St. Gertrude's Credit Union has shown is 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. St. Gertrude's Credit Union has $1.81 million in assets with $184,000 in equity, resulting in a capitalization level of 10.17%, which is above average.

Institution Statistics

Overall
NCUA #62289
Year Chartered1946
Employees2
Primary Regulator
Assets and Liabilities
Assets$1.81 million
Loans$1.29 million
Deposits$1.67 million
Equity Capital$138,000
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$147,000
Real Estate Owned$34,000
Historic Data - December 2012
Assets$1.83 million
Equity Capital$137,000
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$147,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.75%
Return on Assets0.06%
Return on Equity0.72%
Interest Income$112,000
Rates

Sorry, we do not have rate data for St. Gertrude's Credit Union

Locations


St. Gertrude's Credit Union Locations
Branch Office#508 State HWY 518Mora, NM 87732