ELGA Credit Union

ELGA Credit Union is headquartered in Burton and is the 33^rd largest credit union in the state of Michigan. It is also the 677^th largest credit union in the nation. It was established in 1968 and as of September of 2011, it had grown to 132 employees and 44,843 members. ELGA Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

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Data for Q3 2011

Institution Statistics ELGA NCUA # 61797 BankRate Report View Year Established 1968 Employees 132 Primary Regulator Assets and Liabilities Assets $274.08 million Loans $216.57 million Deposits $249.39 million Equity Capital $22.94 million Loan Loss Allowance $5.59 million Unbacked Noncurrent Loans $5.43 million Real Estate Owned $3.04 million Historic Data - September 2010 Assets $262.19 million Equity Capital $20.81 million Loan Loss Allowance $6.12 million Unbacked Noncurrent Loans $6.25 million Real Estate Owned $3.74 million Profit Margin - Quarterly Net Interest Margin 4.27% Return on Assets 0.95% Return on Equity 11.3% Interest Income $10.81 million Non-Interest Income $6.40 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 September 30, 2011 ELGA Credit Union had $8.47 million in non-current loans and owned real-estate with $28.53 million in equity and loan loss allowances on hand to cover it. This gives ELGA Credit Union a Texas Ratio of 29.69% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for ELGA Credit Union decreased slightly from 37.09% as of September 30, 2010 to 29.69% as of September 30, 2011, resulting in a positive change of 19.95%.This indicates that the balance sheet and financial strength for ELGA Credit Union has improved slightly in recent periods. Deposit Growth In the past year, ELGA Credit Union has increased its total deposits by $10.35 million, resulting in 4.33% 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 ELGA Credit Union has shown is above average. 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. ELGA Credit Union has $274.08 million in assets with $28.53 million in equity, resulting in a capitalization level of 10.41%, which is above average.

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