Gowanda Area Credit Union

Gowanda Area Credit Union is headquartered in Gowanda and is the 202^nd largest credit union in the state of New York. It is also the 4,033^rd largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 3 employees and 2,573 members. Gowanda Area Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

Gowanda Area Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics GOWANDA AREA NCUA # 818 BankRate Report View Year Chartered 1935 Employees 3 Primary Regulator Assets and Liabilities Assets $14.52 million Loans $5.74 million Deposits $13.05 million Equity Capital $1.45 million Loan Loss Allowance $17,000 Unbacked Noncurrent Loans $65,000 Historic Data - December 2010 Assets $14.00 million Equity Capital $1.39 million Loan Loss Allowance $22,000 Unbacked Noncurrent Loans $54,000 Profit Margin - Quarterly Net Interest Margin 5.51% Return on Assets 0.43% Return on Equity 4.28% Interest Income $376,000 Non-Interest Income $138,000

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 Gowanda Area Credit Union had $65,000 in non-current loans and owned real-estate with $1.47 million in equity and loan loss allowances on hand to cover it. This gives Gowanda Area Credit Union a Texas Ratio of 4.43% 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 Gowanda Area Credit Union held steady from 3.83% as of December 31, 2010 to 4.43% as of December 31, 2011, resulting in a negative change of 15.69%. This indicates that the balance sheet and financial strength for Gowanda Area Credit Union has held steady in recent periods. Deposit Growth In the past year, Gowanda Area Credit Union has increased its total deposits by $462,000, resulting in 3.67% 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 Gowanda Area 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. Gowanda Area Credit Union has $14.52 million in assets with $1.47 million in equity, resulting in a capitalization level of 10.09%, which is above average.

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