Altamaha Credit Union

Altamaha Credit Union is headquartered in Jesup and is the 38^th largest credit union in the state of Georgia. It is also the 2,135^th largest credit union in the nation. It was established in 1955 and as of December of 2011, it had grown to 25 employees and 10,115 members. Altamaha Credit Union's savings rates are 44% higher than the national average, and it has a 4-star health rating.

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Data for Q4 2011

Institution Statistics ALTAMAHA NCUA # 10262 BankRate Report View Year Chartered 1955 Employees 25 Primary Regulator Assets and Liabilities Assets $54.59 million Loans $25.32 million Deposits $47.82 million Equity Capital $6.41 million Loan Loss Allowance $666,000 Unbacked Noncurrent Loans $787,000 Real Estate Owned $65,000 Historic Data - December 2010 Assets $56.27 million Equity Capital $6.16 million Loan Loss Allowance $463,000 Unbacked Noncurrent Loans $511,000 Real Estate Owned $30,000 Profit Margin - Quarterly Net Interest Margin 6.91% Return on Assets 0.45% Return on Equity 3.87% Interest Income $3.04 million Non-Interest Income $1.03 million

Institution Health Overall Score: 4 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 Altamaha Credit Union had $852,000 in non-current loans and owned real-estate with $7.07 million in equity and loan loss allowances on hand to cover it. This gives Altamaha Credit Union a Texas Ratio of 12.05% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Altamaha Credit Union held steady from 8.17% as of December 31, 2010 to 12.05% as of December 31, 2011, resulting in a negative change of 47.44%. This indicates that the balance sheet and financial strength for Altamaha Credit Union has held steady in recent periods. Deposit Growth In the past year, Altamaha Credit Union has decreased its total deposits by -$2.05 million, resulting in -4.11% 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 Altamaha Credit Union has shown is below 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. Altamaha Credit Union has $54.59 million in assets with $7.07 million in equity, resulting in a capitalization level of 12.96%, which is excellent.

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