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Estacado Credit Union

Overview
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Estacado Credit Union is a federal credit union based in Hobbs, New Mexico. It has been opened since 1953, for 67 years.

With around $65,200,000 in assets, Estacado Credit Union is considered to be a large credit union. It has 2 branches and 1 ATM locations.

About
Address 2220 North Dal Paso
Hobbs, New Mexico 88240
Website http://WWW.ESTACADOFCU.COM
Phone (575) 393-1596
Fax (575) 393-1598
CEO Mark Roddenberry
President of the Board Bobby Goad
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
7,419 members
Membership type: Unknown
Above average number of members
362:1
Credit union member to staff ratio
362 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$65,200,748
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in New Mexico
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
12.25%
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
Estacado Credit Union Branch Locations

Estacado Credit Union: Main Office
2220 North Dal Paso Street
Hobbs, New Mexico 88240
No ATM
Estacado Credit Union: Branch Office
220 North Love Street
Lovington, New Mexico 88260
ATM Available
Members
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7,419 members
Membership type: Unknown
Above average number of members

With 7,419 members, the Estacado Credit Union is considered to be a large credit union. It is larger than 65% of credit unions.

Fees
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$82
Average fee per member
The average fee per member at the Estacado Credit Union is $82, which is high compared to most credit unions. This rate is higher than 75% 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 Estacado Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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362:1
Credit union member to staff ratio
362 per each FTE employee
Compared to 411:1 nationally
Average number of staff
20 staff members
FTE (full-time equivalent)
5% of employees are part-time
20 full-time, 1 part-time

Estacado Credit Union has 20 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Estacado Credit Union has around 362 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$65,200,748
Total assets
Above average
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.
11.3%
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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$10,537
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 54% of credit unions.

Estacado Credit Union holds a total of $38,660,000 in loans and leases, which is about $10,537 per member on average.

Savings interest rate
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0.10%
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. Estacado Credit Union pays 0.10%.

Loan rates
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12.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
16.49%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
10.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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9.75%
New car loan rate
Compared to 4.0% nationally
10.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.12%
Other real estate loan rates
Compared to 0.9% nationally
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Net Worth Classification
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Average Fee
Credit Card Loan Interest Rate
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