Sunwest Educational Credit Union
Sunwest Educational Credit Union is headquartered in Pueblo and is the 24th largest credit union in the state of Colorado. It is also the 1,425th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 31 employees and 10,895 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
Data for Q1 2014
Institution Health
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 Sunwest Educational Credit Union had $187,000 in non-current loans and owned real-estate with $10.29 million in equity and loan loss allowances on hand to cover it. This gives Sunwest Educational Credit Union a Texas Ratio of 1.82% 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 Sunwest Educational Credit Union decreased dramatically from 3.01% as of March 31, 2013 to 1.82% as of March 31, 2014, resulting in a positive change of 39.66%.This indicates that the balance sheet and financial strength for Sunwest Educational Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Sunwest Educational Credit Union has increased its total deposits by $4.05 million, resulting in 4.21% 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
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 $110.7 million in assets with $10.29 million in equity, resulting in a capitalization level of 9.29%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 65082 |
| Year Chartered | 1935 |
| Employees | 31 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $110.70 million |
| Loans | $59.88 million |
| Deposits | $100.28 million |
| Equity Capital | $9.69 million |
| Loan Loss Allowance | $595,000 |
| Unbacked Noncurrent Loans | $187,000 |
| Real Estate Owned | $0 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $106.42 million |
| Equity Capital | $9.30 million |
| Loan Loss Allowance | $595,000 |
| Unbacked Noncurrent Loans | $187,000 |
| Real Estate Owned | $25,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.36% |
| Return on Assets | 0.37% |
| Return on Equity | 4.25% |
| Interest Income | $874,000 |
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Sunwest Educational Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $250k | - | Money Market |
Sunwest Educational Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $1k | - | High Yield | |
| 0.00% | $25 | - | Checking Accounts |
Sunwest Educational Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | $100k | - | 60 Month CD | |
| 1.20% | $100k | - | 48 Month CD | |
| 0.99% | $100k | - | 36 Month CD | |
| 0.74% | $100k | - | 24 Month CD | |
| 0.44% | $100k | - | 18 Month CD | |
| 0.39% | $100k | - | 12 Month CD | |
| 0.30% | $100k | - | 6 Month CD |
| Sunwest Educational Credit Union Locations | ||
|---|---|---|
| Branch Office | 3140 E Main St | Canon City, CO 81212 |
| Branch Office | 4141 Sovereign Cir | Pueblo, CO 81005 |
| Branch Office | 700 Eagleridge Blvd | Pueblo, CO 81008 |