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St. Gertrude's Credit Union

St. Gertrude's Credit Union
Overview / Commentary
#508 State HWY 518
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 5,965th largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 2 employees and 614 members. St. Gertrude's Credit Union has a C- health rating.

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Data for Q1 2014

Institution Health

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


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 St. Gertrude's Credit Union had $130,000 in non-current loans and owned real-estate with $177,000 in equity and loan loss allowances on hand to cover it. This gives St. Gertrude's Credit Union a Texas Ratio of 72.88% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for St. Gertrude's Credit Union experienced no significant changes from 75.81% as of March 31, 2013 to 72.88% as of March 31, 2014, resulting in a positive change of 3.86%.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


In the past year, St. Gertrude's Credit Union has increased its total deposits by $41,000, resulting in 2.47% 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 above average.



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 $1.84 million in assets with $177,000 in equity, resulting in a capitalization level of 9.61%, which is above average.

Institution Statistics

NCUA #62289
Year Chartered1946
Primary Regulator
Assets and Liabilities
Assets$1.84 million
Loans$1.24 million
Deposits$1.70 million
Equity Capital$138,000
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$96,000
Real Estate Owned$34,000
Historic Data - March 2013
Assets$1.80 million
Equity Capital$137,000
Loan Loss Allowance$49,000
Unbacked Noncurrent Loans$96,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.92%
Return on Assets0%
Return on Equity0%
Interest Income$25,000

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