Ashworth Credit Union

Ashworth Credit Union is headquartered in West Des Moines and is the 83^rd largest credit union in the state of Iowa. It is also the 5,275^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 2 employees and 974 members. Ashworth Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Ashworth Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics ASHWORTH NCUA # 62857 BankRate Report View Year Chartered 1957 Employees 2 Primary Regulator Assets and Liabilities Assets $6.21 million Loans $1.41 million Deposits $5.29 million Equity Capital $914,000 Loan Loss Allowance $67,000 Unbacked Noncurrent Loans $7,000 Historic Data - December 2010 Assets $5.18 million Equity Capital $906,000 Loan Loss Allowance $59,000 Unbacked Noncurrent Loans $3,000 Profit Margin - Quarterly Net Interest Margin 4.59% Return on Assets 0.13% Return on Equity 0.88% Interest Income $197,000

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 Ashworth Credit Union had $7,000 in non-current loans and owned real-estate with $981,000 in equity and loan loss allowances on hand to cover it. This gives Ashworth Credit Union a Texas Ratio of 0.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Ashworth Credit Union held steady from 0.31% as of December 31, 2010 to 0.71% as of December 31, 2011, resulting in a negative change of 129.53%. This indicates that the balance sheet and financial strength for Ashworth Credit Union has held steady in recent periods. Deposit Growth In the past year, Ashworth Credit Union has increased its total deposits by $1.02 million, resulting in 23.82% 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 Ashworth Credit Union has shown is excellent. 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. Ashworth Credit Union has $6.2 million in assets with $981,000 in equity, resulting in a capitalization level of 15.81%, which is excellent.

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