First Community CU (MI)

First Community CU (MI) is headquartered in Parchment and is the 10^st largest credit union in the state of Michigan. It is also the 301^st largest credit union in the nation. It was established in 1938 and as of September of 2011, it had grown to 200 employees and 72,356 members. First Community CU (MI)'s savings rates are 73% higher than the national average, and it has a 4-star health rating.

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Data for Q3 2011

Institution Statistics FIRST COMMUNITY NCUA # 2885 BankRate Report View Year Established 1938 Employees 200 Primary Regulator Assets and Liabilities Assets $661.88 million Loans $343.33 million Deposits $568.45 million Equity Capital $82.05 million Loan Loss Allowance $2.57 million Unbacked Noncurrent Loans $11.30 million Real Estate Owned $3.65 million Historic Data - September 2010 Assets $616.44 million Equity Capital $77.77 million Loan Loss Allowance $2.66 million Unbacked Noncurrent Loans $14.84 million Real Estate Owned $1.66 million Profit Margin - Quarterly Net Interest Margin 3.78% Return on Assets 0.42% Return on Equity 3.37% Interest Income $18.36 million Non-Interest Income $8.74 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 First Community CU (MI) had $14.94 million in non-current loans and owned real-estate with $84.62 million in equity and loan loss allowances on hand to cover it. This gives First Community CU (MI) a Texas Ratio of 17.66% 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 First Community CU (MI) held steady from 20.52% as of September 30, 2010 to 17.66% as of September 30, 2011, resulting in a positive change of 13.93%.This indicates that the balance sheet and financial strength for First Community CU (MI) has held steady in recent periods. Deposit Growth In the past year, First Community CU (MI) has increased its total deposits by $37.81 million, resulting in 7.13% 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 First Community CU (MI) 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. First Community CU (MI) has $661.88 million in assets with $84.62 million in equity, resulting in a capitalization level of 12.78%, which is excellent.

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