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Overview / Commentary
575-887-1785
601 N Canal St
Carlsbad, NM 88220

U-1St Community Credit Union is headquartered in Carlsbad and is the 38th largest credit union in the state of New Mexico. It is also the 4,951st largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 4 employees and 1,133 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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Health

Data for Q4 2013

Institution Health

B
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

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 U-1St Community Credit Union had $21,000 in non-current loans and owned real-estate with $872,000 in equity and loan loss allowances on hand to cover it. This gives U-1St Community Credit Union a Texas Ratio of 2.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for U-1St Community Credit Union experienced no significant changes from 1.88% as of December 31, 2012 to 2.41% as of December 31, 2013, resulting in a negative change of 28.28%. 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

GRADE:
C

In the past year, U-1St Community Credit Union has decreased its total deposits by $-86,000, resulting in -1.43% 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 average.

Capitalization

GRADE:
A+

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 $6.79 million in assets with $872,000 in equity, resulting in a capitalization level of 12.85%, which is excellent.

Institution Statistics

Overall
NCUA #10580
Year Chartered1955
Employees4
Primary Regulator
Assets and Liabilities
Assets$6.79 million
Loans$3.66 million
Deposits$5.94 million
Equity Capital$816,000
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$21,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.77 million
Equity Capital$743,000
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$21,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.46%
Return on Assets1.08%
Return on Equity8.95%
Interest Income$304,000
Rates

Always verify rates and promotions with the bank or credit union. We are not U-1St Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.

U-1St Community Credit Union Savings Account Rates

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

U-1St Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Checking

U-1St Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$1,500-Senior Checking

U-1St Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-2 Year CD
0.50%$1k-18 Month CD
0.40%$1k-1 Year CD
0.25%$1k-6 Month CD
0.15%$1k-3 Month CD
Locations


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