Chemco Credit Union

Chemco Credit Union is headquartered in LOUISVILLE and is the 41^st largest credit union in the state of Kentucky. It is also the 3,782^nd largest credit union in the nation. It was established in 1967 and as of December of 2011, it had grown to 10 employees and 3,225 members. Chemco Credit Union has a 4-star health rating.

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Chemco Credit Union IRA Rates

Data for Q4 2011

Institution Statistics CHEMCO NCUA # 18172 BankRate Report View Year Chartered 1967 Employees 10 Primary Regulator Assets and Liabilities Assets $17.36 million Loans $11.47 million Deposits $15.43 million Equity Capital $2.06 million Loan Loss Allowance $125,000 Unbacked Noncurrent Loans $247,000 Real Estate Owned $75,000 Historic Data - December 2010 Assets $18.07 million Equity Capital $2.22 million Loan Loss Allowance $139,000 Unbacked Noncurrent Loans $367,000 Real Estate Owned $108,000 Profit Margin - Quarterly Net Interest Margin 5.11% Return on Assets -0.92% Return on Equity -7.78% Interest Income $727,000 Non-Interest Income $263,000

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 Chemco Credit Union had $322,000 in non-current loans and owned real-estate with $2.18 million in equity and loan loss allowances on hand to cover it. This gives Chemco Credit Union a Texas Ratio of 14.76% 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 Chemco Credit Union decreased slightly from 20.16% as of December 31, 2010 to 14.76% as of December 31, 2011, resulting in a positive change of 26.80%.This indicates that the balance sheet and financial strength for Chemco Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Chemco Credit Union has decreased its total deposits by $-254,000, resulting in -1.62% 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 Chemco 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. Chemco Credit Union has $17.36 million in assets with $2.18 million in equity, resulting in a capitalization level of 12.57%, which is excellent.

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