Overview / Commentary
Financial Security is headquartered in Carlsbad and is the 20th largest credit union in the state of New Mexico. It is also the 2,320th largest credit union in the nation. It was established in 1954 and as of June of 2020, it had grown to 18 employees and 4,861 members at 2 locations. Financial Security has a B+ health rating.
Field of Membership Restrictions
Financial Security Credit Union is open to individuals who live or work in Eddy County, and to immediate family of those eligible.
See current membership details
Health
B+
Data as of Q2 2020
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. Financial Security has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62452 |
| Year Chartered | 1954 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 3.71% |
| Annual Interest Income | $903.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $55.0MM$47.8MM |
| Loans | Q2 2020vs Q2 2019 | $31.1MM$30.7MM |
| Deposits | Q2 2020vs Q2 2019 | $48.2MM$41.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $6.5MM$6.1MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $201.00K$123.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $426.00K$367.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |