Formica-Evendale Credit Union

Formica-Evendale Credit Union is headquartered in EVENDALE and is the 322^nd largest credit union in the state of Ohio. It is also the 6,387^th largest credit union in the nation. It was established in 1976 and as of December of 2011, it had grown to 1 employees and 334 members. Formica-Evendale Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics FORMICA-EVENDALE NCUA # 22554 BankRate Report View Year Chartered 1976 Employees 1 Primary Regulator Assets and Liabilities Assets $1.83 million Loans $889,000 Deposits $1.29 million Equity Capital $486,000 Loan Loss Allowance $10,000 Unbacked Noncurrent Loans $9,000 Historic Data - December 2010 Assets $1.78 million Equity Capital $491,000 Loan Loss Allowance $9,000 Unbacked Noncurrent Loans $27,000 Profit Margin - Quarterly Net Interest Margin 7.81% Return on Assets -0.27% Return on Equity -1.03% Interest Income $78,000 Non-Interest Income $10,000

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 Formica-Evendale Credit Union had $9,000 in non-current loans and owned real-estate with $496,000 in equity and loan loss allowances on hand to cover it. This gives Formica-Evendale Credit Union a Texas Ratio of 1.81% 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 Formica-Evendale Credit Union decreased significantly from 5.40% as of December 31, 2010 to 1.81% as of December 31, 2011, resulting in a positive change of 66.40%.This indicates that the balance sheet and financial strength for Formica-Evendale Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Formica-Evendale Credit Union has increased its total deposits by $21,000, resulting in 1.66% 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 Formica-Evendale Credit Union 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. Formica-Evendale Credit Union has $1.83 million in assets with $496,000 in equity, resulting in a capitalization level of 27.12%, which is excellent.

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