Family First CU (MI)

Family First CU (MI) is headquartered in Saginaw and is the 127^th largest credit union in the state of Michigan. It is also the 1,836^th largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 16 employees and 6,972 members. Family First CU (MI)'s savings rates are 4X the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics FAMILY FIRST NCUA # 61909 BankRate Report View Year Chartered 1939 Employees 16 Primary Regulator Assets and Liabilities Assets $68.71 million Loans $42.29 million Deposits $60.40 million Equity Capital $7.56 million Loan Loss Allowance $111,000 Unbacked Noncurrent Loans $339,000 Real Estate Owned $185,000 Historic Data - December 2010 Assets $65.90 million Equity Capital $6.74 million Loan Loss Allowance $185,000 Unbacked Noncurrent Loans $362,000 Real Estate Owned $142,000 Profit Margin - Quarterly Net Interest Margin 5.15% Return on Assets 0.99% Return on Equity 8.97% Interest Income $2.81 million Non-Interest Income $727,000

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 Family First CU (MI) had $524,000 in non-current loans and owned real-estate with $7.67 million in equity and loan loss allowances on hand to cover it. This gives Family First CU (MI) a Texas Ratio of 6.83% 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 Family First CU (MI) held steady from 7.28% as of December 31, 2010 to 6.83% as of December 31, 2011, resulting in a positive change of 6.22%.This indicates that the balance sheet and financial strength for Family First CU (MI) has held steady in recent periods. Deposit Growth In the past year, Family First CU (MI) has increased its total deposits by $1.93 million, resulting in 3.3% 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 Family First CU (MI) 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. Family First CU (MI) has $68.71 million in assets with $7.67 million in equity, resulting in a capitalization level of 11.17%, which is above average.

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