Education Plus Credit Union

Education Plus Credit Union is headquartered in MONROE and is the 112^st largest credit union in the state of Michigan. It is also the 1,689^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 23 employees and 10,933 members. Education Plus Credit Union has a 5-star health rating.

Education Plus Credit Union Routing Number: 272482922

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Education Plus Credit Union IRA Rates

Data for Q4 2011

Institution Statistics EDUCATION PLUS NCUA # 62008 BankRate Report View Year Chartered 1957 Employees 23 Primary Regulator Assets and Liabilities Assets $77.82 million Loans $42.87 million Deposits $67.01 million Equity Capital $10.54 million Loan Loss Allowance $402,000 Unbacked Noncurrent Loans $613,000 Historic Data - December 2010 Assets $68.35 million Equity Capital $9.27 million Loan Loss Allowance $422,000 Unbacked Noncurrent Loans $260,000 Profit Margin - Quarterly Net Interest Margin 6.46% Return on Assets 1.64% Return on Equity 12.12% Interest Income $3.41 million Non-Interest Income $651,000

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 Education Plus Credit Union had $613,000 in non-current loans and owned real-estate with $10.95 million in equity and loan loss allowances on hand to cover it. This gives Education Plus Credit Union a Texas Ratio of 5.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Education Plus Credit Union held steady from 2.68% as of December 31, 2010 to 5.60% as of December 31, 2011, resulting in a negative change of 108.67%. This indicates that the balance sheet and financial strength for Education Plus Credit Union has held steady in recent periods. Deposit Growth In the past year, Education Plus Credit Union has increased its total deposits by $8.08 million, resulting in 13.71% 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 Plus 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 Plus Credit Union has $77.82 million in assets with $10.95 million in equity, resulting in a capitalization level of 14.07%, which is excellent.

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