Education 1St Credit Union

Education 1St Credit Union is headquartered in Ogden and is the 39^th largest credit union in the state of Utah. It is also the 3,388^th largest credit union in the nation. It was established in 1932 and as of December of 2011, it had grown to 8 employees and 3,278 members. Education 1St Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics EDUCATION 1ST NCUA # 67127 BankRate Report View Year Chartered 1932 Employees 8 Primary Regulator Assets and Liabilities Assets $22.33 million Loans $18.82 million Deposits $20.27 million Equity Capital $1.99 million Loan Loss Allowance $210,000 Unbacked Noncurrent Loans $250,000 Historic Data - December 2010 Assets $21.13 million Equity Capital $1.89 million Loan Loss Allowance $183,000 Unbacked Noncurrent Loans $129,000 Profit Margin - Quarterly Net Interest Margin 5.68% Return on Assets 0.46% Return on Equity 5.12% Interest Income $1.14 million Non-Interest Income $269,000

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 Education 1St Credit Union had $250,000 in non-current loans and owned real-estate with $2.2 million in equity and loan loss allowances on hand to cover it. This gives Education 1St Credit Union a Texas Ratio of 11.35% 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 Education 1St Credit Union increased slightly from 6.22% as of December 31, 2010 to 11.35% as of December 31, 2011, resulting in a negative change of 82.45%. This indicates that the balance sheet and financial strength for Education 1St Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Education 1St Credit Union has increased its total deposits by $1.08 million, resulting in 5.62% 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 Education 1St 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. Education 1St Credit Union has $22.32 million in assets with $2.2 million in equity, resulting in a capitalization level of 9.87%, which is average.

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