Direct Credit Union

Direct Credit Union is headquartered in Needham and is the 18^st largest credit union in the state of Massachusetts. It is also the 415^st largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 43 employees and 30,251 members. Direct Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics DIRECT NCUA # 9071 BankRate Report View Year Chartered 1953 Employees 43 Primary Regulator Assets and Liabilities Assets $473.75 million Loans $413.25 million Deposits $402.50 million Equity Capital $51.59 million Loan Loss Allowance $14.39 million Unbacked Noncurrent Loans $7.43 million Real Estate Owned $825,000 Historic Data - December 2010 Assets $481.50 million Equity Capital $49.88 million Loan Loss Allowance $15.42 million Unbacked Noncurrent Loans $8.26 million Real Estate Owned $772,000 Profit Margin - Quarterly Net Interest Margin 3.25% Return on Assets 0.38% Return on Equity 3.49% Interest Income $17.10 million Non-Interest Income $3.17 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 Direct Credit Union had $8.26 million in non-current loans and owned real-estate with $65.97 million in equity and loan loss allowances on hand to cover it. This gives Direct Credit Union a Texas Ratio of 12.51% 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 Direct Credit Union held steady from 13.83% as of December 31, 2010 to 12.51% as of December 31, 2011, resulting in a positive change of 9.54%.This indicates that the balance sheet and financial strength for Direct Credit Union has held steady in recent periods. Deposit Growth In the past year, Direct Credit Union has decreased its total deposits by -$22.99 million, resulting in -5.4% 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 Direct 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. Direct Credit Union has $473.75 million in assets with $65.97 million in equity, resulting in a capitalization level of 13.93%, which is excellent.

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