First Source Credit Union

First Source Credit Union is headquartered in New Hartford and is the 33^rd largest credit union in the state of New York. It is also the 616^st largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 111 employees and 32,161 members. First Source Credit Union's money market rates are 36% higher than the national average, and it boasts a 5-star health rating.

First Source Credit Union Checking Account Rates

First Source Credit Union Savings Account Rates

First Source Credit Union Money Market Rates

First Source Credit Union CD Rates

First Source Credit Union IRA Rates

Data for Q4 2011

Institution Statistics FIRST SOURCE NCUA # 2658 BankRate Report View Year Chartered 1938 Employees 111 Primary Regulator Assets and Liabilities Assets $312.47 million Loans $239.05 million Deposits $280.27 million Equity Capital $28.50 million Loan Loss Allowance $1.96 million Unbacked Noncurrent Loans $757,000 Historic Data - December 2010 Assets $291.55 million Equity Capital $26.05 million Loan Loss Allowance $1.58 million Unbacked Noncurrent Loans $698,000 Real Estate Owned $52,000 Profit Margin - Quarterly Net Interest Margin 4.21% Return on Assets 0.76% Return on Equity 8.34% Interest Income $12.27 million Non-Interest Income $4.92 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 Source Credit Union had $757,000 in non-current loans and owned real-estate with $30.46 million in equity and loan loss allowances on hand to cover it. This gives First Source Credit Union a Texas Ratio of 2.49% 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 Source Credit Union held steady from 2.71% as of December 31, 2010 to 2.49% as of December 31, 2011, resulting in a positive change of 8.45%.This indicates that the balance sheet and financial strength for First Source Credit Union has held steady in recent periods. Deposit Growth In the past year, First Source Credit Union has increased its total deposits by $16.86 million, resulting in 6.4% 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 Source Credit Union 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 Source Credit Union has $312.47 million in assets with $30.46 million in equity, resulting in a capitalization level of 9.75%, which is average.

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