Overview / Commentary
Financial Security is headquartered in Carlsbad and is the 21st largest credit union in the state of New Mexico. It is also the 2,356th largest credit union in the nation. It was established in 1954 and as of September of 2019, it had grown to 18 employees and 4,796 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.
See current membership details
Health
B+
Data as of Q3 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. Financial Security has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62452 |
| Year Chartered | 1954 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.11% |
| Return on Equity - YTD | 8.5% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $48.4MM$46.1MM |
| Loans | Q3 2019vs Q3 2018 | $30.4MM$26.6MM |
| Deposits | Q3 2019vs Q3 2018 | $41.7MM$40.2MM |
| Equity Capital | Q3 2019vs Q3 2018 | $6.3MM$5.8MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $146.00K$181.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $415.00K$508.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |