Florence Credit Union

Florence Credit Union is headquartered in Florence and is the 42^nd largest credit union in the state of Alabama. It is also the 2,352^nd largest credit union in the nation. It was established in 1959 and as of December of 2011, it had grown to 13 employees and 4,393 members. Florence Credit Union's money market rates are 93% higher than the national average, and it boasts a 5-star health rating.

Florence Credit Union Savings Account Rates

Florence Credit Union Money Market Rates

Florence Credit Union CD Rates

Florence Credit Union IRA Rates

Data for Q4 2011

Institution Statistics FLORENCE NCUA # 13167 BankRate Report View Year Chartered 1959 Employees 13 Primary Regulator Assets and Liabilities Assets $45.88 million Loans $17.22 million Deposits $39.92 million Equity Capital $5.50 million Loan Loss Allowance $106,000 Unbacked Noncurrent Loans $32,000 Historic Data - December 2010 Assets $42.86 million Equity Capital $5.29 million Loan Loss Allowance $120,000 Unbacked Noncurrent Loans $90,000 Profit Margin - Quarterly Net Interest Margin 5.32% Return on Assets 0.4% Return on Equity 3.33% Interest Income $1.68 million Non-Interest Income $339,000

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 Florence Credit Union had $32,000 in non-current loans and owned real-estate with $5.6 million in equity and loan loss allowances on hand to cover it. This gives Florence Credit Union a Texas Ratio of 0.57% 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 Florence Credit Union decreased significantly from 1.66% as of December 31, 2010 to 0.57% as of December 31, 2011, resulting in a positive change of 65.66%.This indicates that the balance sheet and financial strength for Florence Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Florence Credit Union has increased its total deposits by $2.92 million, resulting in 7.9% 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 Florence 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. Florence Credit Union has $45.88 million in assets with $5.6 million in equity, resulting in a capitalization level of 12.21%, which is excellent.

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