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P.O. Box 266
Walsenburg, CO 81089

St. Mary Credit Union is headquartered in Walsenburg and is the 68th largest credit union in the state of Colorado. It is also the 4,604th largest credit union in the nation. It was established in 1943 and as of March of 2014, it had grown to 3 employees and 1,971 members. St. Mary 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. Mary 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. Mary Credit Union had $160,000 in non-current loans and owned real-estate with $1.63 million in equity and loan loss allowances on hand to cover it. This gives St. Mary Credit Union a Texas Ratio of 9.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for St. Mary Credit Union decreased slightly from 11.60% as of March 31, 2013 to 9.80% as of March 31, 2014, resulting in a positive change of 15.49%.This indicates that the balance sheet and financial strength for St. Mary Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, St. Mary Credit Union has decreased its total deposits by $-475,000, resulting in -5.88% 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. Mary Credit Union has shown is below 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. Mary Credit Union has $9.07 million in assets with $1.63 million in equity, resulting in a capitalization level of 18.00%, which is excellent.

Institution Statistics

NCUA #65636
Year Chartered1943
Primary Regulator
Assets and Liabilities
Assets$9.07 million
Loans$2.73 million
Deposits$7.61 million
Equity Capital$1.45 million
Loan Loss Allowance$181,000
Unbacked Noncurrent Loans$160,000
Real Estate Owned$0
Historic Data - March 2013
Assets$9.52 million
Equity Capital$1.43 million
Loan Loss Allowance$223,000
Unbacked Noncurrent Loans$160,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.85%
Return on Assets0.31%
Return on Equity1.93%
Interest Income$60,000

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St. Mary Credit Union Locations
Branch Office809 Main St Ste 1Walsenburg, CO 81089