Genie-Watt Credit Union

Genie-Watt Credit Union is headquartered in Bismarck and is the 29^th largest credit union in the state of North Dakota. It is also the 4,033^rd largest credit union in the nation. It was established in 1959 and as of December of 2011, it had grown to 4 employees and 2,014 members. Genie-Watt Credit Union has a 5-star health rating.

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Data for Q4 2011

Institution Statistics GENIE-WATT NCUA # 62384 BankRate Report View Year Chartered 1959 Employees 4 Primary Regulator Assets and Liabilities Assets $14.52 million Loans $4.46 million Deposits $13.23 million Equity Capital $1.27 million Loan Loss Allowance $12,000 Unbacked Noncurrent Loans $56,000 Historic Data - December 2010 Assets $13.10 million Equity Capital $1.33 million Loan Loss Allowance $10,000 Unbacked Noncurrent Loans $84,000 Profit Margin - Quarterly Net Interest Margin 5.45% Return on Assets -0.45% Return on Equity -5.21% Interest Income $359,000 Non-Interest Income $103,000

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 Genie-Watt Credit Union had $56,000 in non-current loans and owned real-estate with $1.28 million in equity and loan loss allowances on hand to cover it. This gives Genie-Watt Credit Union a Texas Ratio of 4.38% 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 Genie-Watt Credit Union decreased slightly from 6.25% as of December 31, 2010 to 4.38% as of December 31, 2011, resulting in a positive change of 30.00%.This indicates that the balance sheet and financial strength for Genie-Watt Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Genie-Watt Credit Union has increased its total deposits by $1.48 million, resulting in 12.57% 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 Genie-Watt 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. Genie-Watt Credit Union has $14.52 million in assets with $1.28 million in equity, resulting in a capitalization level of 8.81%, which is average.

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