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 622^nd largest credit union in the nation. It was established in 1958 and as of March of 2013, it had grown to 127 employees and 34,987 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 Q1 2013

Institution Statistics STATE EMPLOYEES NCUA # 65513 BankRate Report View Year Chartered 1958 Employees 127 Primary Regulator Assets and Liabilities Assets $337.84 million Loans $239.58 million Deposits $297.02 million Equity Capital $34.57 million Loan Loss Allowance $4.45 million Unbacked Noncurrent Loans $1.91 million Real Estate Owned $470,000 Historic Data - March 2012 Assets $322.94 million Equity Capital $29.75 million Loan Loss Allowance $4.47 million Unbacked Noncurrent Loans $3.00 million Real Estate Owned $684,000 Profit Margin - Quarterly Net Interest Margin 1.2% Return on Assets 1.29% Return on Equity 12.63% Interest Income $3.42 million Non-Interest Income $1.61 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 March 31, 2013 State Employees Credit Union had $2.38 million in non-current loans and owned real-estate with $39.02 million in equity and loan loss allowances on hand to cover it. This gives State Employees Credit Union a Texas Ratio of 6.11% 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 State Employees Credit Union decreased significantly from 10.75% as of March 31, 2012 to 6.11% as of March 31, 2013, resulting in a positive change of 43.21%.This indicates that the balance sheet and financial strength for State Employees Credit Union has improved significantly in recent periods. Deposit Growth In the past year, State Employees Credit Union has increased its total deposits by $9.47 million, resulting in 3.29% 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 above average. 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 $337.84 million in assets with $39.02 million in equity, resulting in a capitalization level of 11.55%, which is above average.

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