2. Financial Security

Financial Security


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

Financial Security is headquartered in Carlsbad and is the 21st largest credit union in the state of New Mexico. It is also the 2,387th largest credit union in the nation. It was established in 1954 and as of December of 2018, it had grown to 19 employees and 4,552 members at 2 locations. Financial Security has a B+ health rating.

Field of Membership Restrictions

Financial Security Credit Union of New Mexico is open to the residents and the people that maintain employment within Eddy County member affiliated organizations, and the direct family members of these eligible people.
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Health
B+

Data as of Q4 2018

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 - YTD0.76%
Return on Equity - YTD6.04%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$46.6MM$43.6MM
LoansQ4 2018vs Q4 2017$29.2MM$26.3MM
DepositsQ4 2018vs Q4 2017$40.6MM$37.9MM
Equity CapitalQ4 2018vs Q4 2017$5.9MM$5.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$145.00K$196.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$311.00K$374.00K
Real Estate OwnedQ4 2018vs Q4 2017$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
1.25%$1k-3 Year Share Certificate
1.10%$1k-2 Year Share Certificate
0.70%$1k-1 Year Share Certificate
0.40%$1k-6 Month Share Certificate
0.30%$100-3 Month CU Succeed Share Certificate

Financial Security IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-2 Year IRA Share Certificate
0.70%$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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