U.S. New Mexico Credit Union is headquartered in Albuquerque and is the 3rd largest credit union in the state of New Mexico. It is also the 288th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 183 employees and 71,942 members. U.S. New Mexico Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.
You are eligible if: You are a U.S. Government employee who works in or is supervised from Bernalillo, Valencia or Socorro counties (except: BIA on Zuni or Navajo Reservations in Valencia county; employees of U.S. Postal Service, VA Facility, and Atomic Energy Commission in Albuquerque; employees of GSA and GAO who work at Albuquerque Operations Office of the Atomic Energy Commission; Civilian employees who work at, stationed at, attached to, or supported by the Kirtland Air Force Base). You live, work, worship, or attend school in Sandoval County census tracts: 0101, 0103, 0104, 010701 or 010501. You are 50 years of age or better. You are a family member or roommate of an existing U.S. New Mexico Federal Credit Union member. You will need their name and account number when you join. You are an employee or member of one of the 400+ companies or associations served by U.S. New Mexico Federal Credit Union. - See Details
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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.S. New Mexico Credit Union had $10.82 million in non-current loans and owned real-estate with $85.94 million in equity and loan loss allowances on hand to cover it. This gives U.S. New Mexico Credit Union a Texas Ratio of 12.59% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for U.S. New Mexico Credit Union experienced no significant changes from 12.10% as of December 31, 2012 to 12.59% as of December 31, 2013, resulting in a negative change of 4.10%. This indicates that the balance sheet and financial strength for U.S. New Mexico Credit Union has had no significant changes in recent periods.
In the past year, U.S. New Mexico Credit Union has increased its total deposits by $25.52 million, resulting in 3.89% 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.S. New Mexico 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.S. New Mexico Credit Union has $766.43 million in assets with $85.94 million in equity, resulting in a capitalization level of 11.21%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$79.93 million|
|Loan Loss Allowance||$6.01 million|
|Unbacked Noncurrent Loans||$8.86 million|
|Real Estate Owned||$1.97 million|
|Historic Data - December 2012|
|Equity Capital||$75.36 million|
|Loan Loss Allowance||$4.90 million|
|Unbacked Noncurrent Loans||$8.86 million|
|Real Estate Owned||$4.35 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.27%|
|Return on Assets||0.6%|
|Return on Equity||5.71%|
|Interest Income||$29.31 million|
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|0.50%||$250k||-||Investment Plus M.M.A. Account|
|1.40%||$1k||-||60 Month CD|
|1.20%||$1k||-||48 Month CD|
|1.00%||$1k||-||36 Month CD|
|0.80%||$1k||-||24 Month CD|
|0.60%||$1k||-||18 Month CD|
|0.50%||$1k||-||12 Month CD|
|0.45%||$1k||-||6 Month CD|
|0.30%||$1k||-||3 Month CD|
|1.40%||$1k||-||60 Month IRA|
|1.20%||$1k||-||48 Month IRA|
|1.00%||$1k||-||36 Month IRA|
|0.80%||$1k||-||24 Month IRA|
|0.60%||$1k||-||18 Month IRA|
|0.50%||$1k||-||12 Month IRA|
|U.S. New Mexico Credit Union Locations|
|Branch Office||2608 Tennessee St NE||Albuquerque, NM 87110|
|Branch Office||616 Gold Ave SW||Albuquerque, NM 87102|
|Branch Office||3939 Osuna Rd NE||Albuquerque, NM 87109-4455|
|Branch Office||4411 Irving Blvd NW||Albuquerque, NM 87114|
|Branch Office||53 Jemez Dam Rd||Bernalillo, NM 87004|
|Branch Office||3024 E Main St||Farmington, NM 87402-7661|
|Branch Office||5201 Antequera Rd NW||Albuquerque, NM 87120|