State Employees Credit Union

State Employees Credit Union is headquartered in SANTA FE and is the 8^th largest credit union in the state of New Mexico. It is also the 636^th largest credit union in the nation. It was established in 1958 and as of September of 2011, it had grown to 111 employees and 33,671 members. State Employees Credit Union has a 5-star health rating.

State Employees Credit Union Routing Number: 307084431

Related Posts

State Employees Credit Union Checking Account Rates

State Employees Credit Union Savings Account Rates

State Employees Credit Union Money Market Rates

State Employees Credit Union CD Rates

State Employees Credit Union IRA Rates

Data for Q3 2011

Institution Statistics STATE EMPLOYEES NCUA # 65513 BankRate Report View Year Established 1958 Employees 111 Primary Regulator Assets and Liabilities Assets $296.96 million Loans $218.41 million Deposits $264.36 million Equity Capital $28.10 million Loan Loss Allowance $4.33 million Unbacked Noncurrent Loans $2.86 million Real Estate Owned $684,000 Historic Data - September 2010 Assets $279.26 million Equity Capital $24.33 million Loan Loss Allowance $3.67 million Unbacked Noncurrent Loans $3.52 million Real Estate Owned $744,000 Profit Margin - Quarterly Net Interest Margin 4% Return on Assets 1.5% Return on Equity 15.81% Interest Income $11.58 million Non-Interest Income $5.37 million

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 September 30, 2011 State Employees Credit Union had $3.54 million in non-current loans and owned real-estate with $32.44 million in equity and loan loss allowances on hand to cover it. This gives State Employees Credit Union a Texas Ratio of 10.93% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for State Employees Credit Union decreased slightly from 15.23% as of September 30, 2010 to 10.93% as of September 30, 2011, resulting in a positive change of 28.23%.This indicates that the balance sheet and financial strength for State Employees Credit Union has improved slightly in recent periods. Deposit Growth In the past year, State Employees Credit Union has increased its total deposits by $13.03 million, resulting in 5.19% 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 State Employees Credit Union has shown is excellent. Capitalization 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. State Employees Credit Union has $296.96 million in assets with $32.44 million in equity, resulting in a capitalization level of 10.92%, which is above average.

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