Friends First Credit Union

Friends First Credit Union is headquartered in OWENSBORO and is the 60^th largest credit union in the state of Kentucky. It is also the 5,241^st largest credit union in the nation. It was established in 1974 and as of December of 2011, it had grown to 3 employees and 1,568 members. Friends First Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics FRIENDS FIRST NCUA # 21626 BankRate Report View Year Chartered 1974 Employees 3 Primary Regulator Assets and Liabilities Assets $6.41 million Loans $3.62 million Deposits $5.89 million Equity Capital $515,000 Loan Loss Allowance $17,000 Unbacked Noncurrent Loans $31,000 Historic Data - December 2010 Assets $6.19 million Equity Capital $461,000 Loan Loss Allowance $31,000 Unbacked Noncurrent Loans $22,000 Profit Margin - Quarterly Net Interest Margin 7.97% Return on Assets 0.81% Return on Equity 10.1% Interest Income $309,000 Non-Interest Income $128,000

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 Friends First Credit Union had $31,000 in non-current loans and owned real-estate with $532,000 in equity and loan loss allowances on hand to cover it. This gives Friends First Credit Union a Texas Ratio of 5.83% 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 Friends First Credit Union held steady from 4.47% as of December 31, 2010 to 5.83% as of December 31, 2011, resulting in a negative change of 30.31%. This indicates that the balance sheet and financial strength for Friends First Credit Union has held steady in recent periods. Deposit Growth In the past year, Friends First Credit Union has increased its total deposits by $167,000, resulting in 2.92% 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 Friends 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. Friends First Credit Union has $6.41 million in assets with $532,000 in equity, resulting in a capitalization level of 8.30%, which is average.

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