Akron Firefighters' Credit Union

Akron Firefighters' Credit Union is headquartered in Akron and is the 162^nd largest credit union in the state of Ohio. It is also the 3,499^th largest credit union in the nation. It was established in 1900 and as of December of 2011, it had grown to 6 employees and 2,363 members. Akron Firefighters' Credit Union's savings rates are 4X the national average, but it has a 2-star health rating.

Akron Firefighters' Credit Union Savings Account Rates

Akron Firefighters' Credit Union Money Market Rates

Akron Firefighters' Credit Union CD Rates

Data for Q4 2011

Institution Statistics AKRON FIREFIGHTERS' NCUA # 96656 BankRate Report View Year Chartered 1900 Employees 6 Primary Regulator Assets and Liabilities Assets $20.80 million Loans $13.24 million Deposits $19.12 million Equity Capital $1.65 million Loan Loss Allowance $121,000 Unbacked Noncurrent Loans $655,000 Historic Data - December 2010 Assets $20.76 million Equity Capital $1.62 million Loan Loss Allowance $73,000 Unbacked Noncurrent Loans $211,000 Profit Margin - Quarterly Net Interest Margin 6.06% Return on Assets 0.65% Return on Equity 8.25% Interest Income $903,000 Non-Interest Income $195,000

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Akron Firefighters' Credit Union had $655,000 in non-current loans and owned real-estate with $1.77 million in equity and loan loss allowances on hand to cover it. This gives Akron Firefighters' Credit Union a Texas Ratio of 37.01% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Akron Firefighters' Credit Union increased slightly from 12.43% as of December 31, 2010 to 37.01% as of December 31, 2011, resulting in a negative change of 197.62%. This indicates that the balance sheet and financial strength for Akron Firefighters' Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Akron Firefighters' Credit Union has increased its total deposits by $28,000, resulting in 0.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Akron Firefighters' Credit Union has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Akron Firefighters' Credit Union has $20.8 million in assets with $1.77 million in equity, resulting in a capitalization level of 8.51%, which is average.

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