First Service CU (TX)

First Service CU (TX) is headquartered in HOUSTON and is the 51^st largest credit union in the state of Texas. It is also the 610^st largest credit union in the nation. It was established in 1977 and as of December of 2011, it had grown to 97 employees and 44,744 members. First Service CU (TX)'s savings rates are 13% higher than the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics FIRST SERVICE NCUA # 68605 BankRate Report View Year Chartered 1977 Employees 97 Primary Regulator Assets and Liabilities Assets $317.94 million Loans $214.89 million Deposits $278.02 million Equity Capital $25.57 million Loan Loss Allowance $1.50 million Unbacked Noncurrent Loans $1.38 million Real Estate Owned $128,000 Historic Data - December 2010 Assets $298.90 million Equity Capital $25.28 million Loan Loss Allowance $933,000 Unbacked Noncurrent Loans $2.51 million Profit Margin - Quarterly Net Interest Margin 5.18% Return on Assets 0.33% Return on Equity 4.06% Interest Income $13.15 million Non-Interest Income $7.43 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 Service CU (TX) had $1.51 million in non-current loans and owned real-estate with $27.06 million in equity and loan loss allowances on hand to cover it. This gives First Service CU (TX) a Texas Ratio of 5.58% 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 Service CU (TX) decreased significantly from 9.56% as of December 31, 2010 to 5.58% as of December 31, 2011, resulting in a positive change of 41.65%.This indicates that the balance sheet and financial strength for First Service CU (TX) has improved significantly in recent periods. Deposit Growth In the past year, First Service CU (TX) has increased its total deposits by $7.21 million, resulting in 2.66% 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 Service CU (TX) 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. First Service CU (TX) has $317.94 million in assets with $27.06 million in equity, resulting in a capitalization level of 8.51%, which is average.

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