2. Financial Security

Financial Security


Overview / Commentary
financialsecuritycu.com
575-887-6030
1105 W Pierce St
Carlsbad, NM 88220-4014

Financial Security is headquartered in Carlsbad and is the 20th largest credit union in the state of New Mexico. It is also the 2,338th largest credit union in the nation. It was established in 1954 and as of March of 2019, it had grown to 19 employees and 4,637 members at 2 locations. Financial Security's CD rates are 11% higher than the national average, and it 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.
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Health
B+

Data as of Q1 2019

Learn why bank health matters
Additional 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 low asset base.

Health Grade Components

Overall
NCUA #62452
Year Chartered1954
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD9.4%
Annual Interest Income$502.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$49.8MM$45.2MM
LoansQ1 2019vs Q1 2018$29.5MM$25.7MM
DepositsQ1 2019vs Q1 2018$43.4MM$39.5MM
Equity CapitalQ1 2019vs Q1 2018$6.0MM$5.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$137.00K$214.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$365.00K$275.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Financial Security Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Account
0.30%*$50k*-Regular Shares
OTHER TIERS: 0.10% → $25 - $10k | 0.20% → $10k - $50k
0.30%--Kirby Kangaroo Kids Club
0.30%--CU Succeed Teen Savings
0.30%--Christmas Club Account

Financial Security CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%*$2.5m*-18 Month Share Certificate
OTHER TIERS: 1.55% → $150k - $250k
1.40%$1k-3 Year Share Certificate
1.25%$1k-2 Year Share Certificate
1.00%$1k-1 Year Share Certificate
0.60%$1k-6 Month Share Certificate
0.30%$100-3 Month CU Succeed Share Certificate

Financial Security IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%*$2.5m*-18 Month IRA Share Certificate
OTHER TIERS: 1.55% → $150k - $250k
1.40%$1k-3 Year IRA Share Certificate
1.25%$1k-2 Year IRA Share Certificate
1.00%$1k-1 Year IRA Share Certificate
Locations


Financial Security Locations
Branch Office1105 W Pierce StCarlsbad, NM 88220-4014
Branch Office2603 S Canal StCarlsbad, NM 88220

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