Overview / Commentary
Eddy Federal Credit Union is headquartered in Carlsbad and is the 19th largest credit union in the state of New Mexico. It is also the 2,239th largest credit union in the nation. It was established in 1954 and as of December of 2019, it had grown to 18 employees and 5,374 members at 2 locations. Eddy Federal Credit Union's CD rates are 22% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Eddy Federal Credit Union offers membership to person who work or live in Eddy County, NM and employees of the U. S. Post Office or Bureau of Land Management who work in Hobbs or Lovington, NM.
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. Eddy Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9566 |
| Year Chartered | 1954 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.79% |
| Return on Equity - YTD | 11.62% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $54.9MM$49.1MM |
| Loans | Q4 2019vs Q4 2018 | $38.9MM$29.1MM |
| Deposits | Q4 2019vs Q4 2018 | $46.0MM$41.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $8.5MM$7.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $91.00K$425.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $130.00K$25.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |