FirstDay Federal Credit Union

OVERALL
INSTITUTION HEALTH

C+

OVERVIEW /
COMMENTARY

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Overview / Commentary

www.firstdayfcu.org

937-222-4546

1030 North Main Street
Dayton , OH 45405

FirstDay Federal Credit Union is headquartered in Dayton and is the 68^th largest credit union in the state of Ohio. It is also the 1,669^th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 34 employees and 7,547 members. FirstDay Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Eligible to people who live, work, worship, attend school in, and businesses and other legal entities located in Greene, Miami, Montgomery, or Preble Counties and open an account with a minimum $5 deposit. - See Details

2009

4/30 - 4.00% Reward Checking Account at FirstDay Federal Credit Union in Ohio

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Health

Data for Q4 2013

Institution Health

C+

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. FirstDay Federal Credit Union has a relatively low asset base.

Texas Ratio

GRADE:

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, 2013 FirstDay Federal Credit Union had $684,000 in non-current loans and owned real-estate with $6.7 million in equity and loan loss allowances on hand to cover it. This gives FirstDay Federal Credit Union a Texas Ratio of 10.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:

C+

The Texas Ratio for FirstDay Federal Credit Union experienced no significant changes from 9.12% as of December 31, 2012 to 10.20% as of December 31, 2013, resulting in a negative change of 11.93%. This indicates that the balance sheet and financial strength for FirstDay Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:

C-

In the past year, FirstDay Federal Credit Union has decreased its total deposits by -$2.85 million, resulting in -3.59% 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 FirstDay Federal Credit Union has shown is below average.

Capitalization

GRADE:

C-

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. FirstDay Federal Credit Union has $83.92 million in assets with $6.7 million in equity, resulting in a capitalization level of 7.99%, which is below average.

Institution Statistics

Overall
NCUA #	362
Year Chartered	1935
Employees	34
Primary Regulator

Assets and Liabilities
Assets	$83.92 million
Loans	$37.41 million
Deposits	$76.71 million
Equity Capital	$6.26 million
Loan Loss Allowance	$445,000
Unbacked Noncurrent Loans	$479,000
Real Estate Owned	$205,000

Historic Data - December 2012
Assets	$87.68 million
Equity Capital	$6.16 million
Loan Loss Allowance	$449,000
Unbacked Noncurrent Loans	$479,000
Real Estate Owned	$20,000

Profit Margin - Quarterly
Net Interest Margin	5.54%
Return on Assets	0.24%
Return on Equity	3.26%
Interest Income	$2.73 million

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