Granite Credit Union

Granite Credit Union is headquartered in Salt Lake City and is the 9^th largest credit union in the state of Utah. It is also the 607^th largest credit union in the nation. It was established in 1986 and as of March of 2013, it had grown to 84 employees and 29,755 members. Granite Credit Union has a 4-star health rating.

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Data for Q1 2013

Institution Statistics GRANITE NCUA # 24726 BankRate Report View Year Chartered 1986 Employees 84 Primary Regulator Assets and Liabilities Assets $350.61 million Loans $180.63 million Deposits $317.48 million Equity Capital $29.96 million Loan Loss Allowance $4.04 million Unbacked Noncurrent Loans $1.46 million Real Estate Owned $2.16 million Historic Data - March 2012 Assets $341.00 million Equity Capital $28.67 million Loan Loss Allowance $5.33 million Unbacked Noncurrent Loans $3.19 million Real Estate Owned $5.01 million Profit Margin - Quarterly Net Interest Margin 1.06% Return on Assets 0.41% Return on Equity 4.81% Interest Income $2.44 million Non-Interest Income $983,000

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 March 31, 2013 Granite Credit Union had $3.62 million in non-current loans and owned real-estate with $33.99 million in equity and loan loss allowances on hand to cover it. This gives Granite Credit Union a Texas Ratio of 10.64% 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 Granite Credit Union decreased significantly from 24.14% as of March 31, 2012 to 10.64% as of March 31, 2013, resulting in a positive change of 55.93%.This indicates that the balance sheet and financial strength for Granite Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Granite Credit Union has increased its total deposits by $7.86 million, resulting in 2.54% 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 Granite 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. Granite Credit Union has $350.61 million in assets with $33.99 million in equity, resulting in a capitalization level of 9.70%, which is average.

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