Freedom First Credit Union

Freedom First Credit Union is headquartered in ROANOKE and is the 23^rd largest credit union in the state of Virginia. It is also the 714^st largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 138 employees and 39,261 members. Freedom First Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics FREEDOM FIRST NCUA # 11111 BankRate Report View Year Chartered 1956 Employees 138 Primary Regulator Assets and Liabilities Assets $256.54 million Loans $209.07 million Deposits $198.70 million Equity Capital $25.18 million Loan Loss Allowance $2.35 million Unbacked Noncurrent Loans $2.14 million Real Estate Owned $239,000 Historic Data - December 2010 Assets $252.46 million Equity Capital $23.06 million Loan Loss Allowance $2.74 million Unbacked Noncurrent Loans $1.44 million Real Estate Owned $1.07 million Profit Margin - Quarterly Net Interest Margin 5.28% Return on Assets 0.89% Return on Equity 9.09% Interest Income $12.38 million Non-Interest Income $6.15 million

Institution Health Overall Score: 4 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 Freedom First Credit Union had $2.38 million in non-current loans and owned real-estate with $27.53 million in equity and loan loss allowances on hand to cover it. This gives Freedom First Credit Union a Texas Ratio of 8.65% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Freedom First Credit Union held steady from 9.69% as of December 31, 2010 to 8.65% as of December 31, 2011, resulting in a positive change of 10.80%.This indicates that the balance sheet and financial strength for Freedom First Credit Union has held steady in recent periods. Deposit Growth In the past year, Freedom First Credit Union has increased its total deposits by $5.77 million, resulting in 2.99% 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 Freedom First 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. Freedom First Credit Union has $256.54 million in assets with $27.53 million in equity, resulting in a capitalization level of 10.73%, which is above average.

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