Craftsman Credit Union

Craftsman Credit Union is headquartered in DETROIT and is the 187^th largest credit union in the state of Michigan. It is also the 2,980^th largest credit union in the nation. It was established in 1947 and as of December of 2011, it had grown to 11 employees and 7,264 members. Craftsman Credit Union has a 3-star health rating.

Craftsman Credit Union Routing Number: 272078158

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Craftsman Credit Union IRA Rates

Data for Q4 2011

Institution Statistics CRAFTSMAN NCUA # 61511 BankRate Report View Year Chartered 1947 Employees 11 Primary Regulator Assets and Liabilities Assets $29.23 million Loans $11.84 million Deposits $25.66 million Equity Capital $3.26 million Loan Loss Allowance $2.19 million Unbacked Noncurrent Loans $1.20 million Real Estate Owned $514,000 Historic Data - December 2010 Assets $33.29 million Equity Capital $5.79 million Loan Loss Allowance $1.58 million Unbacked Noncurrent Loans $1.47 million Real Estate Owned $553,000 Profit Margin - Quarterly Net Interest Margin 6.62% Return on Assets -8.64% Return on Equity -77.6% Interest Income $1.17 million Non-Interest Income $109,000

Institution Health Overall Score: 3 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 Craftsman Credit Union had $1.71 million in non-current loans and owned real-estate with $5.45 million in equity and loan loss allowances on hand to cover it. This gives Craftsman Credit Union a Texas Ratio of 31.39% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Craftsman Credit Union held steady from 27.39% as of December 31, 2010 to 31.39% as of December 31, 2011, resulting in a negative change of 14.61%. This indicates that the balance sheet and financial strength for Craftsman Credit Union has held steady in recent periods. Deposit Growth In the past year, Craftsman Credit Union has decreased its total deposits by -$1.59 million, resulting in -5.83% 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 Craftsman Credit Union has shown is poor. 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. Craftsman Credit Union has $29.23 million in assets with $5.45 million in equity, resulting in a capitalization level of 18.63%, which is excellent.

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