Erie Firefighters Credit Union

Erie Firefighters Credit Union is headquartered in Erie and is the 315^st largest credit union in the state of Pennsylvania. It is also the 5,114^st largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 2 employees and 832 members. Erie Firefighters Credit Union has a 4-star health rating.

Erie Firefighters Credit Union Checking Account Rates

Erie Firefighters Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics ERIE FIREFIGHTERS NCUA # 8625 BankRate Report View Year Chartered 1953 Employees 2 Primary Regulator Assets and Liabilities Assets $7.07 million Loans $2.89 million Deposits $6.30 million Equity Capital $770,000 Loan Loss Allowance $6,000 Unbacked Noncurrent Loans $89,000 Historic Data - December 2010 Assets $6.35 million Equity Capital $763,000 Loan Loss Allowance $6,000 Unbacked Noncurrent Loans $14,000 Profit Margin - Quarterly Net Interest Margin 5.96% Return on Assets 0.08% Return on Equity 0.78% Interest Income $247,000 Non-Interest Income $11,000

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 Erie Firefighters Credit Union had $89,000 in non-current loans and owned real-estate with $776,000 in equity and loan loss allowances on hand to cover it. This gives Erie Firefighters Credit Union a Texas Ratio of 11.47% 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 Erie Firefighters Credit Union increased slightly from 1.82% as of December 31, 2010 to 11.47% as of December 31, 2011, resulting in a negative change of 529.98%. This indicates that the balance sheet and financial strength for Erie Firefighters Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Erie Firefighters Credit Union has increased its total deposits by $715,000, resulting in 12.8% 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 Erie Firefighters 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. Erie Firefighters Credit Union has $7.07 million in assets with $776,000 in equity, resulting in a capitalization level of 10.97%, which is above average.

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