Frederica Credit Union

Frederica Credit Union is headquartered in BRUNSWICK and is the 49^th largest credit union in the state of Georgia. It is also the 2,589^th largest credit union in the nation. It was established in 1966 and as of December of 2011, it had grown to 9 employees and 3,416 members. Frederica Credit Union's savings rates are 2X the national average, but it has a 1-star health rating.

Frederica Credit Union Routing Number: 261273207

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Data for Q4 2011

Institution Statistics FREDERICA NCUA # 67939 BankRate Report View Year Chartered 1966 Employees 9 Primary Regulator Assets and Liabilities Assets $38.19 million Loans $29.67 million Deposits $34.65 million Equity Capital $1.26 million Loan Loss Allowance $1.22 million Unbacked Noncurrent Loans $188,000 Real Estate Owned $2.25 million Historic Data - December 2010 Assets $43.55 million Equity Capital $2.78 million Loan Loss Allowance $685,000 Unbacked Noncurrent Loans $398,000 Real Estate Owned $2.03 million Profit Margin - Quarterly Net Interest Margin 5.61% Return on Assets -2.83% Return on Equity -86.22% Interest Income $2.05 million Non-Interest Income $346,000

Institution Health Overall Score: 1 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 Frederica Credit Union had $2.44 million in non-current loans and owned real-estate with $2.48 million in equity and loan loss allowances on hand to cover it. This gives Frederica Credit Union a Texas Ratio of 98.55% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Frederica Credit Union increased slightly from 70.11% as of December 31, 2010 to 98.55% as of December 31, 2011, resulting in a negative change of 40.56%. This indicates that the balance sheet and financial strength for Frederica Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Frederica Credit Union has decreased its total deposits by -$5.78 million, resulting in -14.29% 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 Frederica Credit Union has shown is poor. 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. Frederica Credit Union has $38.19 million in assets with $2.48 million in equity, resulting in a capitalization level of 6.49%, which is below average.

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