Overview / Commentary
Cannon Federal Credit Union is headquartered in Clovis and is the 17th largest credit union in the state of New Mexico. It is also the 1,996th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 21 employees and 7,570 members at 2 locations. Cannon Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be a civilian or military personnel of the US Government who work at or is assigned to Cannon Air Force Base, Clovis, New Mexico. Also open to those who live, work or worship south of 21st Street, Clovis, New Mexico and residents who reside in Roosevelt County.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Cannon Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7822 |
| Year Chartered | 1952 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 7.77% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $69.0MM$66.5MM |
| Loans | Q4 2019vs Q4 2018 | $32.4MM$33.9MM |
| Deposits | Q4 2019vs Q4 2018 | $62.9MM$60.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $6.0MM$5.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $326.00K$468.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $93.00K$329.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |