Florida State Employees Credit Union

Florida State Employees Credit Union is headquartered in Pensacola and is the 93^rd largest credit union in the state of Florida. It is also the 2,514^st largest credit union in the nation. It was established in 1961 and as of December of 2012, it had grown to 13 employees and 4,155 members. Florida State Employees Credit Union's money market rates are 14% higher than the national average, and it has a 3-star health rating.

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Data for Q4 2012

Institution Statistics FLORIDA STATE EMPLOYEES NCUA # 14635 BankRate Report View Year Chartered 1961 Employees 13 Primary Regulator Assets and Liabilities Assets $41.08 million Loans $29.57 million Deposits $37.92 million Equity Capital $2.99 million Loan Loss Allowance $936,000 Unbacked Noncurrent Loans $2.93 million Historic Data - December 2011 Assets $34.02 million Equity Capital $3.95 million Loan Loss Allowance $107,000 Unbacked Noncurrent Loans $393,000 Profit Margin - Quarterly Net Interest Margin 4.93% Return on Assets -2.33% Return on Equity -31.98% Interest Income $1.96 million Non-Interest Income $475,000

Institution Health Overall Score: 3 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, 2012 Florida State Employees Credit Union had $2.93 million in non-current loans and owned real-estate with $3.92 million in equity and loan loss allowances on hand to cover it. This gives Florida State Employees Credit Union a Texas Ratio of 74.70% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Florida State Employees Credit Union increased slightly from 9.70% as of December 31, 2011 to 74.70% as of December 31, 2012, resulting in a negative change of 670.20%. This indicates that the balance sheet and financial strength for Florida State Employees Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Florida State Employees Credit Union has increased its total deposits by $9.92 million, resulting in 35.42% 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 Florida State Employees 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. Florida State Employees Credit Union has $41.08 million in assets with $3.92 million in equity, resulting in a capitalization level of 9.55%, which is average.

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