Firestone Credit Union

Firestone Credit Union is headquartered in Akron and is the 21^st largest credit union in the state of Ohio. It is also the 775^th largest credit union in the nation. It was established in 1960 and as of December of 2011, it had grown to 12 employees and 12,637 members. Firestone Credit Union's savings rates are 35% higher than the national average, and it boasts a 5-star health rating.

Firestone Credit Union Savings Account Rates

Firestone Credit Union CD Rates

Firestone Credit Union IRA Rates

Data for Q4 2011

Institution Statistics FIRESTONE NCUA # 14066 BankRate Report View Year Chartered 1960 Employees 12 Primary Regulator Assets and Liabilities Assets $233.42 million Loans $39.91 million Deposits $200.35 million Equity Capital $32.85 million Loan Loss Allowance $741,000 Unbacked Noncurrent Loans $2.10 million Real Estate Owned $352,000 Historic Data - December 2010 Assets $242.23 million Equity Capital $32.77 million Loan Loss Allowance $684,000 Unbacked Noncurrent Loans $1.86 million Real Estate Owned $359,000 Profit Margin - Quarterly Net Interest Margin 5.35% Return on Assets 0.04% Return on Equity 0.27% Interest Income $4.75 million Non-Interest Income ($133,000)

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 Firestone Credit Union had $2.45 million in non-current loans and owned real-estate with $33.59 million in equity and loan loss allowances on hand to cover it. This gives Firestone Credit Union a Texas Ratio of 7.29% 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 Firestone Credit Union held steady from 6.62% as of December 31, 2010 to 7.29% as of December 31, 2011, resulting in a negative change of 10.08%. This indicates that the balance sheet and financial strength for Firestone Credit Union has held steady in recent periods. Deposit Growth In the past year, Firestone Credit Union has decreased its total deposits by -$8.86 million, resulting in -4.23% 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 Firestone Credit Union has shown is below 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. Firestone Credit Union has $233.42 million in assets with $33.59 million in equity, resulting in a capitalization level of 14.39%, which is excellent.

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