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Overview / Commentary
719-561-0804
4141 Sovereign Cir
Pueblo, CO 81005

Sunwest Educational Credit Union is headquartered in Pueblo and is the 24th largest credit union in the state of Colorado. It is also the 1,411st largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 31 employees and 10,832 members. Sunwest Educational Credit Union has a A health rating.

Field of Membership Restrictions

Must donate a minimum of $5 to the SunWest Educational Association. Also open to employees of several select employer groups. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Sunwest Educational Credit Union had $232,000 in non-current loans and owned real-estate with $10.14 million in equity and loan loss allowances on hand to cover it. This gives Sunwest Educational Credit Union a Texas Ratio of 2.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Sunwest Educational Credit Union decreased slightly from 2.65% as of December 31, 2012 to 2.29% as of December 31, 2013, resulting in a positive change of 13.58%.This indicates that the balance sheet and financial strength for Sunwest Educational Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Sunwest Educational Credit Union has increased its total deposits by $3.38 million, resulting in 3.58% 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 Sunwest Educational Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Sunwest Educational Credit Union has $108.17 million in assets with $10.14 million in equity, resulting in a capitalization level of 9.37%, which is average.

Institution Statistics

Overall
NCUA #65082
Year Chartered1935
Employees31
Primary Regulator
Assets and Liabilities
Assets$108.17 million
Loans$59.13 million
Deposits$97.89 million
Equity Capital$9.59 million
Loan Loss Allowance$549,000
Unbacked Noncurrent Loans$232,000
Real Estate Owned$0
Historic Data - December 2012
Assets$104.39 million
Equity Capital$9.14 million
Loan Loss Allowance$603,000
Unbacked Noncurrent Loans$232,000
Real Estate Owned$25,000
Profit Margin - Quarterly
Net Interest Margin5.53%
Return on Assets0.42%
Return on Equity4.69%
Interest Income$3.49 million
Rates

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Sunwest Educational Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Savings
0.10%--Dream Savings
0.10%--Youth Accounts
0.10%--Christmas Club
0.10%--IRA
0.10%$25-Health Savings Checking Account

Sunwest Educational Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$250k-Money Market

Sunwest Educational Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-High Yield
0.00%$25-Checking Accounts

Sunwest Educational Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$100k-60 Month CD
1.20%$100k-48 Month CD
1.00%$100k-36 Month CD
0.75%$100k-24 Month CD
0.45%$100k-18 Month CD
0.40%$100k-12 Month CD
0.30%$100k-6 Month CD
Locations


Sunwest Educational Credit Union Locations
Branch Office3140 E Main StCanon City, CO 81212
Branch Office4141 Sovereign CirPueblo, CO 81005
Branch Office700 Eagleridge BlvdPueblo, CO 81008