Andover Credit Union

Andover Credit Union is headquartered in Andover and is the 104^th largest credit union in the state of Massachusetts. It is also the 3,460^th largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 5 employees and 2,415 members. Andover Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Andover Credit Union Savings Account Rates

Andover Credit Union Money Market Rates

Andover Credit Union CD Rates

Andover Credit Union IRA Rates

Data for Q4 2011

Institution Statistics ANDOVER NCUA # 16067 BankRate Report View Year Chartered 1964 Employees 5 Primary Regulator Assets and Liabilities Assets $21.31 million Loans $7.09 million Deposits $18.58 million Equity Capital $2.68 million Loan Loss Allowance $170,000 Unbacked Noncurrent Loans $237,000 Historic Data - December 2010 Assets $20.91 million Equity Capital $2.67 million Loan Loss Allowance $183,000 Unbacked Noncurrent Loans $338,000 Profit Margin - Quarterly Net Interest Margin 7.22% Return on Assets 0.06% Return on Equity 0.45% Interest Income $758,000 Non-Interest Income $92,000

Institution Health Overall Score: 5 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 Andover Credit Union had $237,000 in non-current loans and owned real-estate with $2.85 million in equity and loan loss allowances on hand to cover it. This gives Andover Credit Union a Texas Ratio of 8.32% 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 Andover Credit Union decreased slightly from 11.86% as of December 31, 2010 to 8.32% as of December 31, 2011, resulting in a positive change of 29.88%.This indicates that the balance sheet and financial strength for Andover Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Andover Credit Union has increased its total deposits by $380,000, resulting in 2.09% 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 Andover Credit Union has shown is above 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. Andover Credit Union has $21.31 million in assets with $2.85 million in equity, resulting in a capitalization level of 13.37%, which is excellent.

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