First Flight Credit Union

First Flight Credit Union is headquartered in Cary and is the 15^st largest credit union in the state of North Carolina. It is also the 1,070^th largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to 64 employees and 36,345 members. First Flight Credit Union has a 5-star health rating.

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Data for Q4 2011

Institution Statistics FIRST FLIGHT NCUA # 7870 BankRate Report View Year Chartered 1952 Employees 64 Primary Regulator Assets and Liabilities Assets $148.09 million Loans $125.73 million Deposits $126.73 million Equity Capital $19.61 million Loan Loss Allowance $2.90 million Unbacked Noncurrent Loans $1.15 million Real Estate Owned $160,000 Historic Data - December 2010 Assets $151.26 million Equity Capital $17.90 million Loan Loss Allowance $3.68 million Unbacked Noncurrent Loans $1.17 million Real Estate Owned $290,000 Profit Margin - Quarterly Net Interest Margin 5.79% Return on Assets 1.16% Return on Equity 8.75% Interest Income $8.02 million Non-Interest Income $5.28 million

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 First Flight Credit Union had $1.31 million in non-current loans and owned real-estate with $22.51 million in equity and loan loss allowances on hand to cover it. This gives First Flight Credit Union a Texas Ratio of 5.83% 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 First Flight Credit Union held steady from 6.74% as of December 31, 2010 to 5.83% as of December 31, 2011, resulting in a positive change of 13.55%.This indicates that the balance sheet and financial strength for First Flight Credit Union has held steady in recent periods. Deposit Growth In the past year, First Flight Credit Union has decreased its total deposits by -$4.82 million, resulting in -3.66% 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 Flight 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. First Flight Credit Union has $148.09 million in assets with $22.51 million in equity, resulting in a capitalization level of 15.20%, which is excellent.

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