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Eddy Credit Union

Overview
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Eddy Credit Union is a federal credit union based in Carlsbad, New Mexico. It has been opened since 1954, for 66 years.

With around $49,100,000 in assets, Eddy Credit Union is considered to be an average size credit union.

About
Address 909 W. Pierce Street
Carlsbad, New Mexico 88220
Website http://www.eddyfederalcu.com
Phone (575) 887-1784
Fax (575) 887-5454
CEO Donna Davis
President of the Board Brian Santo
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
5,053 members
Membership type: Multiple common bond – other
Average number of members
289:1
Credit union member to staff ratio
289 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$49,103,799
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 3 in New Mexico
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
10.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in New Mexico
Above average number of branches
Eddy Credit Union Branch Locations

Eddy Federal Credit Union South
1711 S. Canal Street
Carlsbad, New Mexico 88220
No ATM
Eddy Federal Credit Union
909 W. Pierce Street
Carlsbad, New Mexico 88220
No ATM
Members
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5,053 members
Membership type: Multiple common bond – other
Average number of members

With 5,053 members, the Eddy Credit Union is considered to be a medium size credit union. It is larger than 57% of credit unions.

Fees
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$132
Average fee per member
The average fee per member at the Eddy Credit Union is $132, which is very high compared to most credit unions. This rate is higher than 94% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Eddy Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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289:1
Credit union member to staff ratio
289 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
18 staff members
FTE (full-time equivalent)
6% of employees are part-time
17 full-time, 1 part-time

Eddy Credit Union has 17 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 94% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Eddy Credit Union has around 289 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$49,103,799
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$12,539
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 68% of credit unions.

Eddy Credit Union holds a total of $29,140,000 in loans and leases, which is about $12,539 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Eddy Credit Union pays 0.15%.

Loan rates
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10.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.98%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.93%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.29%
New car loan rate
Compared to 4.0% nationally
8.40%
Used car loan rate
Compared to 5.2% nationally
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Average Fee
Credit Card Loan Interest Rate
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