Bestsource Credit Union

Bestsource Credit Union is headquartered in WATERFORD and is the 90^th largest credit union in the state of Michigan. It is also the 1,438^th largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 32 employees and 10,271 members. Bestsource Credit Union has a 4-star health rating.

Bestsource Credit Union Routing Number: 272078679

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Data for Q4 2011

Institution Statistics BESTSOURCE NCUA # 60150 BankRate Report View Year Chartered 1954 Employees 32 Primary Regulator Assets and Liabilities Assets $98.82 million Loans $68.82 million Deposits $89.81 million Equity Capital $8.41 million Loan Loss Allowance $2.67 million Unbacked Noncurrent Loans $2.78 million Real Estate Owned $194,000 Historic Data - December 2010 Assets $104.14 million Equity Capital $9.66 million Loan Loss Allowance $2.99 million Unbacked Noncurrent Loans $5.76 million Real Estate Owned $45,000 Profit Margin - Quarterly Net Interest Margin 6.56% Return on Assets -1.03% Return on Equity -12.13% Interest Income $4.61 million Non-Interest Income $1.72 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 Bestsource Credit Union had $2.97 million in non-current loans and owned real-estate with $11.08 million in equity and loan loss allowances on hand to cover it. This gives Bestsource Credit Union a Texas Ratio of 26.85% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bestsource Credit Union decreased significantly from 45.88% as of December 31, 2010 to 26.85% as of December 31, 2011, resulting in a positive change of 41.48%.This indicates that the balance sheet and financial strength for Bestsource Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Bestsource Credit Union has decreased its total deposits by -$4.26 million, resulting in -4.53% 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 Bestsource 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. Bestsource Credit Union has $98.82 million in assets with $11.08 million in equity, resulting in a capitalization level of 11.21%, which is above average.

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