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Overview / Commentary
601 N Canal St
Carlsbad, NM 88220-5805

U-1St Community Credit Union is headquartered in Carlsbad and is the 35th largest credit union in the state of New Mexico. It is also the 4,816st largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 4 employees and 1,143 members. U-1St Community Credit Union has a B health rating.

Field of Membership Restrictions

Must reside, work or worship in Eddy County, New Mexico. - See Details

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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. U-1St Community 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 U-1St Community Credit Union had $32,000 in non-current loans and owned real-estate with $892,000 in equity and loan loss allowances on hand to cover it. This gives U-1St Community Credit Union a Texas Ratio of 3.59% 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 U-1St Community Credit Union experienced no significant changes from 2.08% as of March 31, 2013 to 3.59% as of March 31, 2014, resulting in a negative change of 72.20%. This indicates that the balance sheet and financial strength for U-1St Community Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, U-1St Community Credit Union has increased its total deposits by $246,000, resulting in 3.72% 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 U-1St Community Credit Union has shown is excellent.



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. U-1St Community Credit Union has $7.71 million in assets with $892,000 in equity, resulting in a capitalization level of 11.56%, which is excellent.

Institution Statistics

NCUA #10580
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$7.71 million
Loans$3.55 million
Deposits$6.86 million
Equity Capital$836,000
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$0
Historic Data - March 2013
Assets$7.38 million
Equity Capital$760,000
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.91%
Return on Assets0.99%
Return on Equity9.09%
Interest Income$74,000

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U-1St Community Credit Union Savings Account Rates

0.30%$250-Share IRA Account
0.20%$25-Special Club Share
0.20%$25-Kirby The Kangaroo Kids Savings

U-1St Community Credit Union Money Market Rates

0.30%$100k-Money Market Checking

U-1St Community Credit Union Checking Account Rates

0.15%$1,500-Senior Checking

U-1St Community Credit Union CD Rates

0.60%$1k-24 Months CD
0.50%$1k-18 Months CD
0.40%$1k-12 Months CD
0.25%$1k-6 Months CD
0.15%$1k-3 Months CD

U-1St Community Credit Union Locations
Branch Office601 N Canal StCARLSBAD, NM 88220-5805
Branch Office601 N Canal StCarlsbad, NM 88220-5805