District #6 Credit Union

District #6 Credit Union is headquartered in Hornell and is the 195^th largest credit union in the state of New York. It is also the 3,900^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 4 employees and 1,818 members. District #6 Credit Union has a 5-star health rating.

District #6 Credit Union Savings Account Rates

District #6 Credit Union CD Rates

District #6 Credit Union IRA Rates

Data for Q4 2011

Institution Statistics DISTRICT #6 NCUA # 1080 BankRate Report View Year Chartered 1936 Employees 4 Primary Regulator Assets and Liabilities Assets $15.83 million Loans $7.06 million Deposits $14.20 million Equity Capital $1.61 million Loan Loss Allowance $160,000 Unbacked Noncurrent Loans $154,000 Real Estate Owned $34,000 Historic Data - December 2010 Assets $14.73 million Equity Capital $1.56 million Loan Loss Allowance $148,000 Unbacked Noncurrent Loans $252,000 Real Estate Owned $76,000 Profit Margin - Quarterly Net Interest Margin 5.33% Return on Assets 0.31% Return on Equity 3.05% Interest Income $558,000 Non-Interest Income $106,000

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 District #6 Credit Union had $188,000 in non-current loans and owned real-estate with $1.77 million in equity and loan loss allowances on hand to cover it. This gives District #6 Credit Union a Texas Ratio of 10.65% 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 District #6 Credit Union decreased significantly from 19.26% as of December 31, 2010 to 10.65% as of December 31, 2011, resulting in a positive change of 44.73%.This indicates that the balance sheet and financial strength for District #6 Credit Union has improved significantly in recent periods. Deposit Growth In the past year, District #6 Credit Union has increased its total deposits by $1.06 million, resulting in 8.09% 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 District #6 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. District #6 Credit Union has $15.83 million in assets with $1.77 million in equity, resulting in a capitalization level of 11.16%, which is above average.

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